Bitcoin\u2019s price has surpassed $80,000 (\u00a362,000) for the first time, following Donald Trump\u2019s recent election victory and Republican advances in Congress. With the presidency and Senate now under Republican control, and the House potentially close behind, Trump\u2019s pledge to position the U.S. as the \u201ccrypto capital of the planet\u201d has bolstered cryptocurrency markets.<\/p>\n\n\n\n
Bitcoin has surged over 80% this year, and other digital currencies, including dogecoin\u2014promoted by Trump supporter Elon Musk\u2014are also seeing gains. Trump has hinted at plans to deregulate the crypto industry, proposing a strategic Bitcoin stockpile and the appointment of crypto-friendly regulators. He has also stated that he will replace SEC Chair Gary Gensler, appointed by Joe Biden, who has been a key figure in the agency\u2019s crackdown on crypto.<\/p>\n\n\n\n
According to Matt Simpson, a market analyst at StoneX Financial, deregulation would likely benefit the crypto sector and potentially drive Bitcoin\u2019s price up to $100,000, though he cautions that volatility may still lead to abrupt selloffs.<\/p>\n\n\n\n
Trump\u2019s agenda also includes tax cuts and a reduction in business regulations, which has fueled a rise across U.S. financial markets. Stocks, bonds, and the dollar have all shown positive gains, as Republican control over both Congress and the White House may smooth the passage of Trump\u2019s economic policies into law.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin\u2019s price has surpassed $80,000 (\u00a362,000) for the first time, following Donald Trump\u2019s recent election victory and Republican advances in Congress. With the presidency and Senate now under Republican control, and the House potentially close behind, Trump\u2019s pledge to position the U.S. as the \u201ccrypto capital of the planet\u201d has bolstered cryptocurrency markets. Bitcoin has […]<\/p>\n","protected":false},"author":2,"featured_media":1088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53],"tags":[334,198,335],"class_list":["post-1087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","tag-bitcoin","tag-donald-trump","tag-u-s-congress"],"_links":{"self":[{"href":"https:\/\/winsmediagh.com\/index.php?rest_route=\/wp\/v2\/posts\/1087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/winsmediagh.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/winsmediagh.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/winsmediagh.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/winsmediagh.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1087"}],"version-history":[{"count":1,"href":"https:\/\/winsmediagh.com\/index.php?rest_route=\/wp\/v2\/posts\/1087\/revisions"}],"predecessor-version":[{"id":1089,"href":"https:\/\/winsmediagh.com\/index.php?rest_route=\/wp\/v2\/posts\/1087\/revisions\/1089"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/winsmediagh.com\/index.php?rest_route=\/wp\/v2\/media\/1088"}],"wp:attachment":[{"href":"https:\/\/winsmediagh.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/winsmediagh.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/winsmediagh.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}