Bitcoin updates ATH for the second time in a day

In just half a day, bitcoin BTC $75,179.15 Mezo Wrapped BTC -0.88% Market capitalization $0.1 billion VOL. 24 hours $0.64 billion broke its ATH and reached a new record high of $ 82,300. This is partly attributed to Donald Trump’s victory in the US presidential election. Over the past month, the flagship has grown by more than 30%, and over the past seven days, its value has risen by 19%.

According to crypto expert Anthony Pompliano, Trump has become the first «pro-bitcoin» president in US history, and the cryptocurrency market is preparing for a new stage.

Although Trump’s victory played a role in boosting the value of cryptocurrencies, analysts such as James Toledano of Unity believe that the price increase is caused by long-term changes such as economic trends, technological progress, and macroeconomic conditions.

Demand for bitcoin is also growing among institutional investors. For example, BlackRock’s iShares Bitcoin Trust recorded a record $ 1.12 billion in daily investments. This interest underscores the growing confidence in bitcoin as a key investment asset.

According to the analytical tracker CoinMarketCap, the main cryptocurrency is worth $ 82,349 at the time of writing.