The price of bitcoin topped the $80,000 level for the first time Sunday, extending a rally fueled by crypto optimism following Donald Trump’s election win. Bitcoin BTCUSD first surged to $81,074 on Sunday afternoon before quickly slipping back under $79,000.

Key Takeaways Bitcoin surged to a record high near $77,000 on Thursday, extending a rally that followed Donald Trump's win in the presidential election, with investors seeing his future administration as a positive development for the cryptocurrency.

Considering that Bitcoin lost the $68,500 level on the daily chart, the next area of interest is around $65,000-$66,000. Skew, an onchain analyst, pointed out that the Bitcoin market witnessed “persistent demand” around $65,000-$66,000 during its recent bullish rally, which pushed prices above $70,000 at the end of October.

Bitcoin approached a record as traders around the world watched results trickle in from a US presidential election that pits digital-asset supporter Donald Trump against Kamala Harris, who served as vice president during a government crackdown on the industry.

The United States had a presidential election where Donald Trump was elected. Bitcoin price performed positive during the election day, making a new ATH on Wednesday.

Donald Trump's return to the White House is seen as a positive development for crypto regulation and the potential development of a strategic bitcoin stockpile.

Bitcoin soared to a record high above $82,000 on Monday on expectations that cryptocurrencies will boom in a favourable regulatory environment following the election of Donald Trump as U.S. president and of pro-crypto candidates to Congress.

Bitcoin rallied past $82,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers.