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Unstoppable Bitcoin: BTC Price Barrels Past $81,000 For New ATH
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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Unstoppable Bitcoin: BTC Price Barrels Past $81,000 For New ATH — $82k Now Within Reach

Christian Encila
Christian Encila
6 months ago
2 mins read
Bitcoin

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Bitcoin is proving its mettle, and showing no signs of stopping. The crypto skyrocketed to a fresh record high on Monday, as investors bet that Donald Trump’s return to the Oval Office will be good for the crypto industry.

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The world’s largest and most recognized cryptocurrency has now more than doubled from the year’s low of $38,4000 and was last at $81,405 having earlier touched a record high of $81,890, data from Coingecko shows.

A day after the elections, Bitcoin hit $75k, topping its previous high of $74,797 last March. Bitcoin’s early November price surge isn’t surprising, knowing how Bitcoin and crypto have become a hot election topic.

Source: Coingecko

While Democrat Kamala Harris pitched her support for new technologies like AI, Trump was seen as more receptive and favorable to the Bitcoin and crypto community. Bitcoin’s latest surge pushed the asset’s market cap to over $2.7 trillion, data from CoinMarketCap show.

Bitcoin Inks Another ATH, Boosts The Crypto Landscape

Bitcoin’s bullish price action started last November 5th, when Trump’s numbers showed a convincing win. Earlier Wednesday, Bitcoin’s price hit $75k and soon surged to new highs until, Monday.

Bitcoin’s surge also benefited the rest of the crypto industry. For example, with Bitcoin’s price ascent, MicroStrategy’s share price increased, which was confirmed with Coinbase Global. Traders’ optimism is high; even the Dow Jones Industrial Average and the S&P 500 ended the week in black.

BTC market cap currently at $1.60 trillion. Chart: TradingView.com

Trump’s Change In Bitcoin Policy

Interestingly, incoming President Trump wasn’t initially keen on Bitcoin and cryptocurrencies. During his first presidency, Trump labeled these digital assets as scams. However, with his recent public appearances and pronouncements, Trump changed his tune and now shows massive support.

In one of his campaign speeches, Trump promised to make the US the Bitcoin and crypto capital of the world. He also enjoys the support of many famous crypto personalities, including Elon Musk.

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Crypto Project

Aside from his public statements supporting Bitcoin, Trump has also explored a crypto project. Last September, Trump and his sons and other entrepreneurs launched World Liberty Financial, a digital currency platform. However, technical difficulties and other issues marred the project’s launch.

Although Bitcoin and cryptocurrencies are known for their volatility, Trump has led the adoption of digital assets in recent months. Before the elections, he used BTC for retail purchases, the first US president to do so, making it a historic transaction.

Featured image from DALL-E, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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Strict editorial policy that focuses on accuracy, relevance, and impartiality

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