Bitcoin First Surpasses 80,000 USD
Around 7 PM (Vietnam time) on November 10, the price of bitcoin for the first time in history surpassed the mark of 80,000 USD.
Bitcoin has seen a strong price increase since Republican candidate Donald Trump won the US presidential election on November 5, with expectations that he will ease regulations on digital currencies.
Previously, on November 6, bitcoin reached the milestone of 75,000 USD, surpassing the record of 73,797.98 USD set in March.
In the race against Democratic candidate Kamala Harris, Trump is seen as more friendly to cryptocurrencies.
During his first term, Trump referred to cryptocurrencies as a scam, but later changed his view, even launching his own trading platform for this asset.
He also pledged to make America the "capital of bitcoin and cryptocurrency" and plans to assign tech billionaire Elon Musk the responsibility to conduct a thorough audit of waste in government.
In his previous presidential term, Trump implemented corporate tax cuts, increased liquidity in the market, and encouraged investment in high-growth assets like cryptocurrencies.
In September, Trump announced plans to launch a cryptocurrency platform called World Liberty Financial with his sons and several entrepreneurs.
During the election preparation period, Trump became the first former president to use bitcoin for purchases when he paid for a burger at a restaurant in New York. This event was hailed as a "historic transaction"
#Bitcoin #Crypto #MarketDownturn #Binance's
