{"id":2744,"date":"2024-11-11T01:31:42","date_gmt":"2024-11-11T01:31:42","guid":{"rendered":"https:\/\/260web.com\/news\/bitcoin-tops-record-80000-as-trump-nears-sweep-of-us-congress\/"},"modified":"2024-11-11T01:31:42","modified_gmt":"2024-11-11T01:31:42","slug":"bitcoin-tops-record-80000-as-trump-nears-sweep-of-us-congress","status":"publish","type":"post","link":"https:\/\/260web.com\/news\/bitcoin-tops-record-80000-as-trump-nears-sweep-of-us-congress\/","title":{"rendered":"Bitcoin tops record $80,000 as Trump nears sweep of US Congress"},"content":{"rendered":"<p>Bitcoin tops record $80,000 as Trump nears sweep of US Congress<\/p>\n<div data-component=\"image-block\" class=\"ssrcss-1b5y2ub-ComponentWrapper-FullWidthWrapper ey0461q0\">\n<figure class=\"ssrcss-1vfya96-StyledFigure e34k3c22\">\n<div class=\"ssrcss-ab5fd8-StyledFigureContainer e34k3c21\"><span class=\"ssrcss-n4mvky-Placeholder etlorgc0\"><picture><source srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/e595\/live\/265e49c0-9fc2-11ef-b191-89cf3826c79b.jpg.webp 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/e595\/live\/265e49c0-9fc2-11ef-b191-89cf3826c79b.jpg.webp 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/e595\/live\/265e49c0-9fc2-11ef-b191-89cf3826c79b.jpg.webp 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/e595\/live\/265e49c0-9fc2-11ef-b191-89cf3826c79b.jpg.webp 624w\" type=\"image\/webp\"><img decoding=\"async\" alt=\"US flag displayed on a laptop screen and representation of Bitcoin cryptocurrency on 6 November, 2024.\" loading=\"eager\" src=\"https:\/\/260web.com\/news\/wp-content\/uploads\/2024\/11\/Q2QPW6.jpg\" srcset=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/240\/cpsprodpb\/e595\/live\/265e49c0-9fc2-11ef-b191-89cf3826c79b.jpg 240w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/320\/cpsprodpb\/e595\/live\/265e49c0-9fc2-11ef-b191-89cf3826c79b.jpg 320w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/480\/cpsprodpb\/e595\/live\/265e49c0-9fc2-11ef-b191-89cf3826c79b.jpg 480w, https:\/\/ichef.bbci.co.uk\/ace\/standard\/624\/cpsprodpb\/e595\/live\/265e49c0-9fc2-11ef-b191-89cf3826c79b.jpg 624w\" width=\"719\" height=\"404.00000000000006\" class=\"ssrcss-11yxrdo-Image edrdn950\"><\/picture><\/span><span role=\"text\" class=\"ssrcss-tvuve5-StyledFigureCopyright e34k3c20\">Getty Images<\/span><\/div>\n<\/figure>\n<\/div>\n<div data-component=\"metadata-block\" class=\"ssrcss-xza2yt-ComponentWrapper ep2nwvo1\">\n<div>\n<ul role=\"list\" class=\"ssrcss-1ik71mx-MetadataStripContainer eh44mf03\">\n<div class=\"ssrcss-13nu8ri-GroupChildrenForWrapping eh44mf02\">\n<li role=\"listitem\" class=\"ssrcss-30fcoe-MetadataStripItem eh44mf01\">\n<div class=\"ssrcss-m5j4pi-MetadataContent eh44mf00\"><span class=\"ssrcss-1pvwv4b-MetadataSnippet e4wm5bw3\"><span class=\"ssrcss-1if1g9v-MetadataText e4wm5bw1\"><time data-testid=\"timestamp\" datetime=\"2024-11-11T01:15:34.162Z\">14 minutes ago<\/time><\/span><\/span><\/div>\n<\/li>\n<\/div>\n<\/ul>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\"><b class=\"ssrcss-1xjjfut-BoldText e5tfeyi3\">The price of bitcoin has risen above $80,000 (\u00a362,000) for the first time ever, after Donald Trump&#8217;s decisive victory in the US election last week.<\/b><\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">It comes as the Republicans are edging closer to overall control of Congress after having already secured the presidency and a majority in the Senate.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">On the campaign trail the president-elect pledged to make the US &#8220;the crypto capital of the planet&#8221;.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">The value of world&#8217;s biggest cryptocurrency has now risen by more than 80% this year.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"text-block\" class=\"ssrcss-uf6wea-RichTextComponentWrapper ep2nwvo0\">\n<div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\">\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Other cryptocurrencies, including dogecoin &#8211; which has been promoted by high-profile Trump supporter Elon Musk &#8211; are also making gains.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">In the run-up to the election Trump said he would create a strategic Bitcoin stockpile and appoint digital asset-friendly financial regulators.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Trump has said one of his first actions as president would be to sack the current chair of the Securities and Exchange Commission (SEC), Gary Gensler.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Mr Gensler, who was appointed Joe Biden in 2021, has led the SEC&#8217;s crackdown on the crypto industry.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Trump&#8217;s broader agenda, which includes cutting taxes and reducing regulations on businesses, has also driven a surge in other investments since he won the election.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Major stock indexes, the dollar and US bonds have all made gains in recent days.<\/p>\n<\/div>\n<\/div>\n<div data-component=\"topic-list\" class=\"ssrcss-1qmkvfu-TopicListWrapper etw6iwl1\">\n<div class=\"ssrcss-113c0cq-StyledTagContainer ed0g1kj1\">\n<div class=\"ssrcss-50vlbt-TopicListHeaderWrapper etw6iwl0\">\n<h2 type=\"normal\" class=\"ssrcss-ad2rmd-Heading e10rt3ze0\">Related topics<\/h2>\n<\/div>\n<div class=\"ssrcss-17ehax8-Cluster e1ihwmse1\">\n<ul role=\"list\" spacing=\"2\" class=\"ssrcss-1ujonwb-ClusterItems e1ihwmse0\">\n<li>International Business<\/li>\n<li>Bitcoin<\/li>\n<li>US election 2024<\/li>\n<li>Donald Trump<\/li>\n<li>United States<\/li>\n<li>Cryptocurrency<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<p>Published at Mon, 11 Nov 2024 01:15:34 +0000<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin tops record $80,000 as Trump nears sweep of US Congress Getty Images 14 minutes ago The price of bitcoin has risen above $80,000 (\u00a362,000) for the first time ever, after Donald Trump&#8217;s decisive victory in the US election last week. It comes as the Republicans are edging closer to overall control of Congress after&hellip; <a class=\"more-link\" href=\"https:\/\/260web.com\/news\/bitcoin-tops-record-80000-as-trump-nears-sweep-of-us-congress\/\">Continue reading <span class=\"screen-reader-text\">Bitcoin tops record $80,000 as Trump nears sweep of US Congress<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","entry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts\/2744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/comments?post=2744"}],"version-history":[{"count":0,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/posts\/2744\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/media\/2743"}],"wp:attachment":[{"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/media?parent=2744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/categories?post=2744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/260web.com\/news\/wp-json\/wp\/v2\/tags?post=2744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}