Bitcoin continues to rise amid news of Donald Trump’s imminent victory in the US presidential election. This weekend the $80,000 mark could be reached for the cryptocurrency.

Bitcoin price continues to hit all-time highs following news of Trump’s victory
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According to data from the largest cryptocurrency exchange, Binance, the cost of the cryptocurrency exceeds $79,695 per token at 1:50 p.m. Moscow time; This is a historic figure.

Photo: Binance

In the last 7 days, in which Donald Trump’s victory in the United States presidential election was announced, the price of Bitcoin has increased by more than 16.4%. On November 6, the price of the cryptocurrency exceeded $75,000 for the first time in history, and on the night of November 9, $77,000.

Political news had a positive impact on the dynamics of the entire crypto market: the second most valuable cryptocurrency, Ethereum, reached an all-time high of $3,213 at 8:30 Moscow time, and its weekly growth exceeded 26%.

Even the infamous Hamster Kombat grew by 134% in one week, to $0.0057 per token.

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Cover photo: Unsplash

Author:

Akhmed Sadulayev

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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