Bitcoin Surges Past $80,000 Milestone For First Time On Optimism Over Trump
Posted On November 10, 2024
In a historic development, Bitcoin (CRYPTO: BTC) has surpassed the $80,000 milestone, propelled by President-elect Donald Trump‘s supportive stance on cryptocurrencies and the potential for a crypto-friendly Congress.
What Happened: According to CoinMarketCap, Bitcoin’s value surged as much as 4.7% to an unprecedented $80,092 before falling back to around $79,700 early Sunday.
Bitcoin and other cryptocurrencies have seen a sharp rise, marking a significant day for liquidations. Data from Coinglass.com reveals that more than $430 million in derivatives positions were cleared in just 24 hours.
Digital currencies, such as Cardano (CRYPTO: ADA) and Dogecoin (CRYPTO: DOGE), also experienced …
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