Bitcoin is closing in on $80,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers.

Donald Trump's return to the White House is seen as a positive development for crypto regulation and the potential development of a strategic bitcoin stockpile.

Bitcoin rallied past $80,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers. The cryptocurrency climbed as much as 4.

Trump’s current stance on crypto is a major departure from his last term as president. In the summer of 2019, Trump criticized cryptocurrency on social media, claiming it could be used to facilitate illegal activities. And during his presidency, the Trump administration’s regulatory actions included the SEC’s controversial lawsuit against Ripple.

Bitcoin (BTC-USD) had a massive week, as the cryptocurrency is set to rise 11% in the period, boosted by Donald Trump's historic win in the U.S. presidential election.  The world's oldest digital currency had been hovering in and out of the $70K mark since last week,

The recent surge in Bitcoin, nearing an unprecedented $80,000, follows Donald Trump's victory in the US presidential election, sparking optimism across the cryptocurrency market. Known for his pro-digital asset stance,

Bitcoin reached a record high of nearly $80,000 following Donald Trump's election win, which is seen as a boost for digital assets.

Bitcoin Has Reached A New All-Time High! As Trump Prepares To Take Office With A Pro-Crypto Agenda, Explore The Potential Impact On Bitcoin’s Future.