Bitcoin Reclaims $80,000 as Democrats Take Congress

Community Trust Score Verified 91 % Real Verified 47 votes Updated 6 minutes ago Bitcoin surged more than 5% from its election-night low to reclaim the $80,000 threshold on Wednesday. This marks the first time the cryptocurrency has traded above this level since Binance’s record hack. The asset extended its recovery from a low of approximately $75,600, marking a significant intraday movement in the digital asset market. The price action occurred as the market digested the outcome of recent U.S. elections. Investors appeared to shake off concerns that the Democrats’ takeover of Congress would undermine President Donald Trump’s crypto-friendly agenda.

Also reported by BitKE.

Source: The Currency Analytics