The price of bitcoin has risen above $80,000 for the first time ever, after Donald Trump’s decisive victory in the US election last week
It comes as the Republicans are edging closer to overall control of Congress after having already secured the presidency and a majority in the Senate.
On the campaign trail the president-elect pledged to make the US “the crypto capital of the planet”.
The value of world’s biggest cryptocurrency has now risen by more than 80% this year.
Other cryptocurrencies, including dogecoin – which has been promoted by high-profile Trump supporter Elon Musk – are also making gains.
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