Cryptocurrency Bitcoin’s value has surged past $80,000 for the first time, driven by market optimism following Donald Trump’s election victory and his promises to transform the United States into a global hub for cryptocurrency innovation.
Control of Congress
Trump’s election as the next US president and his securing control of Congress, plus the Republican Party winning majorities in both the House of Representatives and the Senate, have boosted Bitcoin’s value to new heights (and still rising at the time of writing). This link between the cryptocurrency’s rising value and political events stems from Trump’s pro-cryptocurrency stance and his promises of deregulation.
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