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CDS Crypto News Bitcoin Reaches 81K Dollars, Fueled by Trump’s Push for Digital Asset Legislation

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Bitcoin Reaches 81K Dollars, Fueled by Trump’s Push for Digital Asset Legislation

lectertodd11/11/20241 Mins read338

Bitcoin Breaks $81K, Fueled By Trump’s Push For Digital Asset Legislation

Bitcoin Reaches 81K Dollars, Boosted by Trump’s Pro-Crypto Campaign

Monday saw Bitcoin reach $81,000 for the first time, fueled by anticipation of pro-crypto legislation following Donald Trump’s election. From its previous low of US$38,505 earlier this year, the cryptocurrency more than doubled to reach its all-time high of US$81,899 today. To increase the US’s position in the cryptocurrency industry, Trump advocated for digital assets during his campaign.

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How Trump’s Victory Could Fuel Bitcoin’s Surge to $81,000?

Bitcoin’s recent surge to $81,000 has ignited discussions among traders and analysts about potential connections to Donald Trump‘s U.S. presidential victory. Many experts suggest that Trump’s return could renew hopes for a more crypto-friendly regulatory landscape, with less stringent oversight and possible tax benefits for digital assets. This sentiment is further fueled by Trump’s past comments on reducing regulatory constraints in financial markets, which many see as beneficial for crypto investments. As a result, some analysts believe Bitcoin’s price rally could continue if investor confidence in a favorable policy environment strengthens.

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lectertodd

Lectertodd is 28 years old. She graduated from Çankaya University, Department of Psychology, in 2021. She actively works as a writer, translator, and editor for various websites. Moreover, she loves reading, researching, and learning new things.