Bitcoin reaches $77,000 for the first time in history following Trump's victory
Illustrative photo: Bitcoin has repeatedly updated its highs (Getty Images)
Bitcoin reached $77,000 for the first time in history. Experts speculated that if the newly elected US President Donald Trump wins, the price of the cryptocurrency could rise, according to Binance.
The first cryptocurrency reacted positively to Donald Trump's victory in the US presidential election and began breaking its all-time highs on election day.
It is worth noting that the previous peak of $73,737 was reached by Bitcoin on March 14, 2024, amid the hype surrounding the launch of spot Bitcoin ETFs. However, on November 6, Bitcoin surpassed this level and settled at $75,000.
As of today, November 8, Bitcoin has repeatedly updated its peak, bouncing off the $77,000 mark, which is currently acting as a resistance level.
Earlier, experts suggested that the first cryptocurrency could rise to $80,000 if Trump won, and by the end of the year, a growth to $90,000–100,000 was predicted.
RBC-Ukraine previously reported that according to the investment fund Pantera Capital's forecast, Bitcoin's price could soar sharply by 2028.
The cryptocurrency's value often "jumps," reacting to various political, economic, and social events around the world.
The current US presidential election is no exception. By the way, Bitcoin also set a new record after Elon Musk's announcement of investments in the cryptocurrency back in 2021.
