BTC/USD: Bitcoin Surges Beyond $81,000 as Trump Rally Gains Weekend Momentum

This train has no breaks — crypto’s powerful dash to new heights is a windfall for long-term holders. Ether topped $3,200 and Solana broke $210.

• Bitcoin BTCUSD broke the never-before-seen $81,000 per coin late on Sunday as the powerful post-election rally found new momentum. Traders are overly enthusiastic for President-elect Donald Trump and his crypto-boosting policies. Together with a pro-crypto Congress, Trump is expected to usher in a new era of growth and the outlook — fair to say — has never been brighter. Let’s see what it is.
• Bitcoin and crypto assets should be embraced by Congress, which is now largely made up of crypto-friendly members thanks to relentless efforts by the industry. Trump’s administration is expected to dial down the aggressive regulatory frameworks for crypto companies that were introduced by the current Securities and Exchange Commission boss Gary Gensler. He is on Trump’s blacklist and is likely to be unemployed on January 20 when Trump enters office.
• There’s also the concept of a Bitcoin strategic reserve, which will make sure that the US never sells its tokens. Rather, the government will go out on a buying spree to the tune of 200,000 per year for five years. All that brightness lifted Bitcoin’s market cap to $1.6 trillion, the crypto market’s valuation to $2.8 trillion and bumped the price of other major coins — a windfall to long-tem holders. Ether ETHUSD jumped above $3,200, Solana SOLUSD crossed $210 and Dogecoin (DOGE/USD) surged about 50% over the weekend to $0.27.