Bitcoin Price Tops $80,000 for First Time as Trump Win Boosts Crypto Market

Bitcoin all-time high? It keeps happening, over and over again the last few days.But this one’s an especially notable one, as Bitcoin rose above $80,000 early Sunday for the first time ever. Coinbase data shows that the leading cryptocurrency touched a high mark of $80,137.Even by the past week’s standards, Bitcoin really saw a jump overnight, rising from a level just above $77,000 to breach the $80K mark. Bitcoin had been holding onto an all-time high price mark of $73,737 from March, going into Election Day, but rose above that mark Tuesday evening as Donald Trump’s election win took shape.The U.S. president-elect made cryptocurrency a key part of his campaign this year, promising to protect and boost the industry in America and end the Securities and Exchange Commission’s crypto crackdown.Bitcoin is now up nearly 17% on the week at a current price of $79,875, down slightly from the peak from earlier this morning.Other major cryptocurrencies have marked even larger gains over the past week, however, with Cardano up a whopping 86%, Dogecoin popping 66%, and even Ethereum—which is notably lagged Bitcoin’s gains in recent months—jumping 31% over renewed decentralized finance (DeFi) optimism.