Key Points
Bitcoin soared to a record high above $81,000 on Monday on expectations that cryptocurrencies will boom in a favourable regulatory environment following the election of Donald Trump as US president and pro-crypto candidates to Congress...
The worlds biggest and best-known cryptocurrency has now more than doubled from the years low of $38,505 and was last at $81,572 having earlier touched a record high of $81,899...
Trump embraced digital assets during his campaign, promising to make the United States the crypto capital of the planet and to accumulate a national stockpile of bitcoin...
Bitcoins Trump-pump is alive and well... with Republicans on the cusp of taking the house to confirm a red wave in Congress, it seems the crypto crowd are betting on digital-currency deregulation, said Matt Simpson, senior market analyst at City Index, referring to Republican control of both houses...
In Ohio, one of the crypto industrys biggest foes in Congress - Senate Banking Committee Chair Sherrod Brown was ousted, while pro-crypto candidates from both the Democratic and Republican parties won in Michigan, West Virgina, Indiana, Alabama and North Carolina...
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