Bitcoin skyrocketed to a new all-time high today after crossing $81,000 as investors continued to bet big on Donald Trump’s election triumph last week.
BTC touched a record $81,889 in early-day trade today. It first hit its previous record of $75,000 on November 6 and has traded between $75,000-$81,000 since then.
At 11 AM today, the flagship cryptocurrency was up 2.25 percent, trading around $80,933.
Cryptocurrencies have seen widespread gains recently. On Monday, Ethereum climbed past $3,200 for the first time in more than three months, with its value surging to around $3,192. Meanwhile, Dogecoin—a cryptocurrency that was originally launched in 2013 as a parody of the early crypto craze—reached its highest level in three years.
In 2024, Bitcoin has soared by about 80%, fueled by high demand for exchange-traded funds (ETFs) in the US and recent interest rate cuts by the Federal Reserve. This growth has allowed it to outperform conventional assets such as stocks and gold.
Follow ProPakistani on Google News & scroll through your favourite content faster!
Support independent journalism
If you want to join us in our mission to share independent, global journalism to the world, we’d love to have you on our side. If you can, please support us on a monthly basis. It takes less than a minute to set up, and you can rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.
Usually I do not read article on blogs however I would like to say that this writeup very compelled me to take a look at and do so Your writing taste has been amazed me Thanks quite nice post