Bitcoin soared to a new record high on Sunday, as traders bet that Donald Trump’s return to the White House will be good for the cryptocurrency.
The digital currency passed $80,000 for the first time in its history shortly after 12:00 pm (1200 GMT).
It has been rising since Republican candidate Trump won last Tuesday’s US presidential election over sentiment that he will ease regulations on digital currencies.
“The odds that Bitcoin and crypto will become a significantly larger asset class have risen markedly,” Charles Morris, an analyst at investment company ByteTree told AFP.