Bitcoin Surges to Record High: Price Exceeds $77,000 for the First Time

Technology

Bitcoin reached a new all-time high, surpassing $77,000, marking a significant milestone in the cryptocurrency market.

Bitcoin Surges to Record High: Price Exceeds $77,000 for the First Time
According to Binance, Bitcoin's price peaked at $77,200 on the night of November 9 before stabilizing at around $76,800. This surge in value followed Donald Trump's victory in the U.S. presidential election, with Trump’s campaign previously expressing support for Bitcoin and the broader cryptocurrency industry, promising to foster its development.

Crypto enthusiasts believe Trump's stance on cryptocurrency contributed to Bitcoin’s price rise, reflecting a renewed investor confidence spurred by his support.

SkyBridge Capital founder Anthony Scaramucci has previously predicted that Bitcoin could reach $100,000 by the end of 2025, signaling further potential growth for the cryptocurrency market.

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