Bitcoin nears $80,000, cryptocurrency market brightens!
Bitcoin nears $80,000, cryptocurrency market brightens!With the return of the newly elected President of the united states of America, donald trump, to power in the US, the cryptocurrency market has seen a strong surge. In this cryptocurrency asset, the cryptocurrency that is seeing the most growth is Bitcoin. The price of Bitcoin has come close to $80,000 and this jump has come in just 3-4 days. On wednesday itself, the rate of Bitcoin had come close to $75,000.How was the price of Bitcoin today?In cryptocurrency, the price of Bitcoin has come up to $79,771 per coin today with a jump of 4.3 percent. In Singapore, its rate had reached close to $79,000 at 2.05 pm. According to the Bloomberg report, the prices of Cardano and Dogecoin have also reached a considerable height.Donald trump won the election this weekDonald trump showed his flair in the US presidential election this week and with the victory in the election, cleared the way for the republican party to be re-established in power. With this, a bumper trend started being seen in cryptocurrency and wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital assets.Bitcoin also surpassed the returns of stocks and goldOn Thursday, the US exchange traded funds on which bitcoin is traded were seen trading with a significant jump. This year i.e. in the year 2024, the price of bitcoin has climbed by about 90 percent. After strong demand from ETFs (exchange traded funds) and continuous reduction in key interest rates by the US Federal Reserve, the rate of bitcoin is on a continuous rise. It has even surpassed the returns of safe investments like stocks and gold.Bitcoin is crossing the all-timehigh every dayEven before Donald Trump's coronation in the White House, the price of bitcoin has reached such a speed that it is crossing the all-time high every day. Even before Trump's arrival, the prices of cryptocurrency had started skyrocketing. The main reason for this is that the rates of bitcoin and other virtual assets had already started rising on the expectation of the support that wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital assets will get or are going to get with Trump's arrival.