The price of bitcoin rose to more than 80 thousand dollars during the Asian trading period on Monday, specifically at the levels of 81845, reaching its all-time highs, as individual investors returned to the market and bought cryptocurrency, as the prospect of a more favorable regulatory environment under the presidency of Donald Trump and the Republican-led Congress led to a rise in cryptocurrency prices.
Trump also pledged to make the United States the cryptocurrency capital of the planet, build national reserves of bitcoin, and Donald Trump is known to be an outspoken supporter of the cryptocurrency industry.
Also, Elon Musk, one of Trump's most prominent supporters in this election, has echoed these sentiments, warning that the United States risks being left behind if it does not lead innovation in the field of cryptocurrencies.
The continued rise of bitcoin has also pushed the total cryptocurrency market capitalization to 2.92 trillion dollars, which is its highest level since the bull market peak in November 2021 when it briefly exceeded 3 trillion dollars.
Many cryptocurrencies have also risen, but bitcoin's market share is still dominant at more than 59%, which means that the season for other cryptocurrencies has not yet begun.
