Bitcoin, the flagship cryptocurrency has hit the $80,000 price level following the post-US election bull run which is still in full swing. Bitcoin crossed the $80,000 mark on Sunday reaching the highest point the crypto asset has ever been.
This development strengthens the analyst’s prediction that the asset could surpass $100,000 before the end of the year.
The bull rally follows Donald Trump’s victory in the polls on Wednesday, which is seen as a massive win for the crypto industry as Trump is perceived as the crypto candidate.
The crypto community expects Donald Trump to flesh out pro crypto policies and offer a softer regulatory framework for the digital currency industry.
The ripple effect of Donald Trump’s victory reflects on the various spot Bitcoin ETFs and crypto-related stocks.
At the time of the report, Bitcoin is exchanging hands for $79,579 having dropped slightly from the $80,000 mark it crossed a few hours ago. The crypto asset is still 4.1% up in the last 24 hours.
<h4…