Thought Leadership
The price of Bitcoin has exceeded the 80,000 US dollar threshold for the first time. On the Bitstamp platform, the oldest and best-known cryptocurrency climbed by more than 4% today compared to the previous day to reach 80,047 dollars. In the past seven days alone, the leading cryptocurrency has thus gained over 17%.
Other cryptocurrencies such as Ether or Solana rose even more strongly.
Analysts attribute the steady rise to new political conditions in the US following Donald Trump’s election victory. The former and upcoming US president was the favorite of the majority of the crypto community during the election campaign.
Trump wooed the crypto community
Trump had made very negative comments about Bitcoin during his presidency (2016-2020). In the current battle for votes, however, the former US president actively courted the crypto community. At a major Bitcoin conference in Nashville, Trump promised to leave the crypto market largely unregulated and to provide cheap electricity for calculating new Bitcoin coins (“mining”).
dpa
