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Bitcoin price tops $84,000 for first time amid Trump fervour

The Guardian

|

November 12, 2024

The price of bitcoin has risen above $84,000 for the first time as it benefited from traders' hopes that Donald Trump will favour cryptocurrencies when he returns to the White House.

- Jasper Jolly

Bitcoin price tops $84,000 for first time amid Trump fervour

Bitcoin reached a record high of $84,653 by midday yesterday. The price has more than doubled from about $37,000 12 months ago. The election also affected traditional currencies, individual stocks - most notably Elon Musk's electric car company, Tesla, which rose by more than 7% in morning trading - and US equity markets, as investors bet on deregulation and tax cuts from Trump.

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