Bitcoin strengthened its gains during Monday’s trading, surpassing the $82,000 mark for the first time ever, as investors bet that Donald Trump’s victory in the presidential election would support digital assets. Bitcoin rose by 3.85% to $82,005.5 at 1:33 PM Mecca time, reaching an all-time high and marking a 17% increase since Trump’s win became apparent last week.
Ethereum also rose by 1.69% to $3,200.61, while Ripple declined by 0.2% to $0.5866. Meanwhile, Dogecoin, supported by businessman Elon Musk, a Trump supporter in the election, jumped 5.4% to $0.286, bringing its five-day gains to 50%, according to Bloomberg.
This surge comes as crypto investors remain optimistic about Trump’s potential second term and the Republican party’s control of the U.S. Senate, given his support for these types of assets.