Bitcoin All Time High? It keeps happening over and over for the past few days.
But this is especially notable, as Bitcoin rose above $80,000 early on Sunday. Data from Coinbase shows that the leading cryptocurrency has hit a high of $80,137.
Even by last week's standards, Bitcoin saw an overnight jump above $77,000 to breach the $80k mark. Bitcoin held a high of $73,737 from March until Election Day, but rose above that Tuesday night as Donald Trump's election victory took shape.
The US president-elect has made cryptocurrency a key part of his campaign this year, promising to protect and grow the US industry and end the Securities and Exchange Commission's crackdown on cryptocurrencies.
Bitcoin is up about 17% on the week, at a current price of $79,875, down slightly from its early morning high.
Other major cryptocurrencies posted bigger gains last week, however, with Cardano surging 86%, Dogecoin surging 66% and Ethereum—which has largely slowed Bitcoin's gains in recent months—jumping 31% on renewed decentralized finance (DeFi) optimism.
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