Bitcoin rose to a record high of more than $81,000 on Monday after the victory of Donald Trump in the US elections raised expectations that cryptocurrencies will boom in a favourable regulatory environment, according to a Reuters report.
What is now, the world’s biggest and most-known cryptocurrency, has more than doubled to $81,572 from the year’s low of $38,505, also having touched a record high of $81,899 earlier.
It was not just Bitcoin that rose. Ether rose over $3,200 for the first time in over three months, and Dogecoin which began as a satirical critique of the 2013 crypto frenzy, went to a three-year high, according to the report.
This is because Trump embraced digital assets like…
