Analysis: Bitcoin breaks $80,000 for the first time, possibly influenced by market optimism towards Trump

ChainCatcher news, according to Jinshi reports, Bitcoin has been boosted by Trump's election victory, breaking the $80,000 mark for the first time, with a daily increase of over 4.0%. Trump vowed during his campaign to make the United States a hub for the digital asset industry, including establishing a strategic Bitcoin reserve and appointing regulators enthusiastic about digital assets.

He is in a more favorable position in the election than expected—his Republican Party controls the Senate and is expected to gain a slim majority in the House of Representatives.