Bitcoin rockets above $80,000 for first time since Binance hack despite Democrats sweep, but a historical crash looms
Bitcoin surged more than 5% from its election-night low to reclaim $80,000 for the first time since Binance's record hack. The cryptocurrency extended its recovery from approximately $75,600 on Wednesday, shaking off concerns that Democrats' takeover of Congress would undermine President Donald Trump's crypto-friendly agenda. According to CoinGlass data, this rally liquidated $453.32 million in… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- Bitcoin surged more than 5% from its election-night low to reclaim $80,000 for the first time since Binance's record hack.
- The cryptocurrency extended its recovery from approximately $75,600 on Wednesday, shaking off concerns that Democrats' takeover of Congress would undermine President Donald Trump's crypto-friendly agenda.
- According to CoinGlass data, this rally liquidated $453.32 million in… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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