Bitcoin has smashed past the $80,000 mark, setting a new record as the cryptocurrency world buzzes with excitement. This historic peak caps a week of consecutive highs, coinciding with Donald Trump’s reelection as President of the United States. As of now, Bitcoin is trading at $79,713, reflecting a nearly 4% in 24 hours. The market cap of Bitcoin has surged to $1.6 trillion. This monumental rise comes 240 days after its previous high of $73.3k, which followed the launch of multiple spot ETFs in the U.S. The surge is further fueled by increasing institutional investments, signaling strong confidence in Bitcoin’s long-term value. This rally underscores the growing confidence and enthusiasm in cryptocurrency as a significant asset class on the global financial stage.

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