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Bitcoin Hits New Record: Surpasses $80,000 for the First Time

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NEPSE trading

Bitcoin Hits New Record: Surpasses $80,000 for the First Time

Donald Trump's potential return to the White House has had a positive impact on the cryptocurrency market. With Republican candidate Trump's victory, Bitcoin has reached new heights, once again attracting attention in the financial markets. Trump has pledged his support for cryptocurrencies, which has made those interested in investing in digital currencies optimistic. In this context, Bitcoin reached a historic high on Sunday, setting a new record.

New Record for Bitcoin: On Sunday, Bitcoin crossed the $80,000 mark for the first time in its history, setting a new record. This historic value was reached after 12:00 PM (GMT).

Impact of Trump's Election Win: After Republican candidate Donald Trump won the U.S. presidential election last Tuesday, expectations of easier regulations for digital currencies led to an increase in Bitcoin's value. This has had a positive impact on the cryptocurrency market, encouraging investors.

Previous Record Broken: On Wednesday, Bitcoin's value reached $75,000, surpassing the previous all-time high of $73,797.98 set in March.

Trump's Changing Perspective: During his first term, Trump called cryptocurrencies a "scam." However, more recently, he has understood the importance of digital currencies and announced his own platform to promote their development.

Plan to Make America the Crypto Capital: Trump has vowed to make America the "world's cryptocurrency capital" in his upcoming term. Additionally, he has announced plans to assign tech billionaire Elon Musk to audit government spending.

New Platform Announcement: In September, Trump announced the launch of a digital currency platform called World Liberty Financial, in collaboration with his sons and other entrepreneurs.

Weak Start for Token Sale: The token sale, which began earlier this month, saw weak performance. Only a fraction of the available tokens found buyers, presenting challenges for the initial phase of the new platform.

Historic Transaction in New York: During his campaign, Trump purchased a burger using Bitcoin at a restaurant in New York City. This made him the first former president to use Bitcoin, and the transaction was hailed as "historic."

Volatility and Challenges in Cryptocurrency: Cryptocurrencies have faced challenges ranging from extreme volatility to the downfall of some industry giants. The collapse of the FTX exchange platform was the most notable of these.

Trump's potential return to the White House appears to have renewed enthusiasm in the cryptocurrency market. Investors see Trump as a crypto-supporting leader, raising expectations for positive growth in digital currencies in the future.

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