Bitcoin tops record $80,000 as Trump nears sweep of US Congress

The terms of bitcoin has risen supra $80,000 (£62,000) for the archetypal clip ever, aft Donald Trump's decisive triumph successful the US predetermination past week.

It comes arsenic the Republicans are edging person to wide power of Congress aft having already secured the presidency and a bulk successful the Senate.

On the run way the president-elect pledged to marque the US "the crypto superior of the planet".

The worth of world's biggest cryptocurrency has present risen by much than 80% this year.

Other cryptocurrencies, including dogecoin - which has been promoted by high-profile Trump protagonist Elon Musk - are besides making gains.

In the run-up to the predetermination Trump said helium would make a strategical Bitcoin stockpile and name integer asset-friendly fiscal regulators.

Trump has said 1 of his archetypal actions arsenic president would beryllium to sack the existent seat of the Securities and Exchange Commission (SEC), Gary Gensler.

Mr Gensler, who was appointed Joe Biden successful 2021, has led the SEC's crackdown connected the crypto industry.

Trump's broader agenda, which includes cutting taxes and reducing regulations connected businesses, has besides driven a surge successful different investments since helium won the election.

Major banal indexes, the dollar and US bonds person each made gains successful caller days.