Bitcoin soared to a new record high on Sunday, as traders bet that Donald Trump’s return to the White House will be good for the cryptocurrency.
The digital currency passed $80,000 for the first time in its history shortly after 12:00 pm (1200 GMT).
It has been rising since Republican candidate Trump won last Tuesday’s US presidential election over sentiment that he will ease regulations on digital currencies.
Bitcoin reached $75,000 on Wednesday, topping its previous all-time peak of $73,797.98 achieved in March.
Trump was seen as the pro-crypto candidate in his battle with the Democratic Party’s candidate Kamala Harris.
Cryptocurrencies have made headlines since their creation, from their extreme volatility to the collapse of several industry giants, foremost among them the FTX exchange platform.
In the run-up to the election, Trump apparently became the first former president to use bitcoin in a purchase, as he bought burgers at a New York City restaurant, which hailed it as a “historic transaction”.
Bitcoin is listed continuously, including on Sundays.
