Bitcoin hits $80,000 for the first time as crypto traders bask in Trump election victory
Cryptocurrencies
extended their rally
on Sunday, with
bitcoin
touching $80,000 for the first time ever.
The price of the flagship cryptocurrency was last higher by 4.5% at $79,800.19, according to Coin Metrics.
Ether
rose 3%, after passing the $3,000 level on Saturday. It last changed hands at $3,203.10.
Smaller coins saw bigger moves as investors continued to digest the implications of a second term for President-elect Donald Trump. The payments coin
XRP
surged 11%. The decentralized finance token tied to
Cardano
rocketed 40%. Memecoins
dogecoin
a
nd Shiba Inu
coin soared 17% and 31%, respectively.
“Crypto is poised to enter a golden era,” Alex Thorn, head of research at Galaxy Digital, said in a research note Friday. “Trump has pr...