Bitcoin is on the road to deliver its best weekly performance since February following Trump's reelection.

Bitcoin price hits $80K for the first time — New 'inflation-adjusted' all-time high

Market Analysis

BTC

tickers down

$79,816

price crossed the $80,000 mark for the first in history and over $1.5 trillion in market capitalization just days after Donald Trump’s reelection in the United States presidential elections.

On Nov. 10, the top cryptocurrency rose by almost 4.50% to reach a new inflation-adjusted record high of $80,116 (data from Bitstamp). Smaller tokens, including Ether

ETH

tickers down

$3,201.77

, Dogecoin

DOGE

tickers down

$0.248

, and Cardano

ADA

tickers down

$0.6181

also rallied.

BTC/USD daily price chart. Source: TradingView

During his election campaigns, Trump had vowed to position the US as a leader in the crypto in