Bitcoin is closing in on $80,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers.

Donald Trump's return to the White House is seen as a positive development for crypto regulation and the potential development of a strategic bitcoin stockpile.

Trump’s current stance on crypto is a major departure from his last term as president. In the summer of 2019, Trump criticized cryptocurrency on social media, claiming it could be used to facilitate illegal activities. And during his presidency, the Trump administration’s regulatory actions included the SEC’s controversial lawsuit against Ripple.

Bitcoin (BTC-USD) had a massive week, as the cryptocurrency is set to rise 11% in the period, boosted by Donald Trump's historic win in the U.S. presidential election.  The world's oldest digital currency had been hovering in and out of the $70K mark since last week,

Key Takeaways Bitcoin briefly topped $77,000 Friday, a new all-time high for the cryptocurrency.The recent bitcoin rally has been driven by Trump's election win and promise of a more crypto-friendly administration.

Bitcoin reached $77,000 for the first time in history. Experts speculated that if the newly elected US President Donald Trump wins, the price of the cryptocurrency could rise, according to Binance. The first cryptocurrency reacted positively to Donald Trump's victory in the US presidential election and began breaking its all-time highs on election

Bitcoin Has Reached A New All-Time High! As Trump Prepares To Take Office With A Pro-Crypto Agenda, Explore The Potential Impact On Bitcoin’s Future.