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Crypto News: Bitcoin Reaches An All-time High of $87,000

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Bitcoin Reaches  An All-time High of Over $87,000.

 

Bitcoin hits new high $87,000 as optimism continues to grow after Trump’s win.

Bitcoin rallied to an all-time high of over $87,000, as the cryptocurrency market surged on news of President-elect Donald Trump’s win and his administration’s anticipated support for digital assets.

Trump secured victory in Arizona, sweeping all seven US battleground states, and his stance on crypto-friendly policies has sparked renewed enthusiasm among investors.

The largest cryptocurrency jumped by 6.1% on Sunday, further climbing to reach over $87,000 as of press time.

The market’s optimism lifted other tokens as well, including Dogecoin, a meme-based coin popularized by billionaire Elon Musk, a Trump supporter.

“With the dust from Trump’s victory still settling, it was only a matter of time before a run-up of some sort occurred given the perception of Trump being pro-crypto,” commented Le Shi, Hong Kong managing director at market-making firm Auros.

Trump’s campaign promises to prioritize the US digital-asset sector—including a strategic Bitcoin stockpile and pro-crypto regulatory appointments—have invigorated the industry.

Cryptocurrency supporters contributed over $100 million to back crypto-friendly candidates, hoping to see swift regulatory advances.

The President-elect’s broader agenda of tax cuts, reduced regulatory barriers, and growth-focused economic reforms has also spurred gains across stocks, credit, and crypto markets.

The S&P 500 reached its 50th record high of the year last week, reflecting the market’s buoyant response to Trump’s pro-business policies.

As Trump’s transition team begins, traders remain optimistic, pushing aside concerns about the feasibility or timeline for implementing his crypto-related pledges.

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