Trump's victory brings cheer to crypto market, Bitcoin crosses 80 thousand dollars

Bitcoin Price: As the chances of Donald Trump becoming the US President increase, there has been a lot of stir in the cryptocurrency market. The world's largest cryptocurrency, bitcoin, has made a big gain in this environment. On Sunday, there was a tremendous jump in the price of bitcoin, where its price crossed 80 thousand dollars, which is a new record. Earlier, since Trump's victory, the price of bitcoin has seen a total increase of 18 percent, and there are chances of further increase in its prices. Some experts believe that by the end of the year, the price of bitcoin can cross 90 thousand dollars.

Bitcoin set a record

Bitcoin achieved a new milestone in the cryptocurrency market this Sunday. On Sunday evening, the price of bitcoin rose by about 5 percent to reach $ 80,095.17, which is a record level. Currently, bitcoin is trading at $ 79,985.63 with a gain of 4.78 percent. In the last 24 hours, the price of bitcoin has seen a jump of about $ 5,000, which is a sign of a strong uptrend.

18 percent rise after Trump's victory

Ever since Donald Trump's possible victory in the US election, the price of bitcoin has been steadily rising. Since September 5, bitcoin has increased by more than 18 percent in total. At that time, bitcoin was at $ 67,813.59, which has now reached about $ 80 thousand. Bitcoin has risen by 16.22 percent in the last one week, and an increase of 32.54 percent has been registered in the last one month. In three months, it has given a return of 31.11 percent, while in a year, bitcoin investors have got a great return of 113.99 percent.

Why has there been a rise?

This rise in the price of bitcoin is being seen due to Trump's positive attitude and promises towards cryptocurrency. In his election campaign, Trump has repeatedly talked about supporting cryptocurrency. He has tried to assure investors that if he returns to power, he will try to make America a crypto capital. Along with this, the support of the world's richest and crypto-supporting businessman Elon Musk towards Trump is also creating a wave of enthusiasm in the crypto market.

Can bitcoin cross 90 thousand dollars?

Experts believe that the price of bitcoin can see further increase in the coming days. It is expected to cross the level of 90 thousand dollars by the end of the year. According to experts, after Trump's arrival, the hope of relaxation and relaxation in the rules of cryptocurrency in favor of investors has increased. Investors also hope that the laws that will be made regarding the cryptocurrency market will provide stability and momentum to the market, which can lead to further increase in prices.

This boom in the cryptocurrency market is just the beginning, and if Trump's promises are fulfilled, then this sector can touch new heights.