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Bitcoin Price Hits $80,000 Mark for First Time

Written: 2024-11-11 08:36:49Updated: 2024-11-11 13:54:31

Bitcoin Price Hits $80,000 Mark for First Time

Photo : YONHAP News

The price of Bitcoin surpassed the 80-thousand-dollar mark for the first time just days after Donald Trump’s reelection to the U.S. presidency. 
 
According to the U.S. cryptocurrency exchange platform Coinbase, the world’s most popular cryptocurrency was worth 81-thousand-110 U.S. dollars at 1:25 a.m. Sunday, up more than six percent from a day earlier. 
 
The price retreated to 80-thousand-861 U.S. dollars ten minutes later, but remained above 80-thousand dollars. 
 
The price surpassed the 80-thousand-dollar mark for the first time at around 7 a.m. Sunday. 
 
During his election campaign, Trump vowed to position the U.S. as a leader in cryptocurrency. 
 
On Wednesday, the day the election was called in Trump’s favor, Bitcoin surged beyond 75-thousand U.S. dollars, replacing the previous record from March.

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