Madrid, Nov 10 (EFE).- Bitcoin, the most used and well-known cryptocurrency on the market, marks new highs this Sunday after rising more than 4%, and is approaching $80,000 for the first time in its history.
According to market data collected by EFE, during this morning, the cryptocurrency, which has soared more than 4%, has reached above $79,500, a new record.
With today’s, bitcoin has accumulated six sessions on the rise.
Last Wednesday, it appreciated more than 9% after Donald Trump’s victory in the United States elections.
Trump has supported the main cryptocurrency throughout the presidential campaign, announcing that he would make the American country the largest holder of this asset if elected, according to experts.
During the year, Bitcoin appreciated more than 70%, and Binance analysts attribute this rise to a combination “of macroeconomic trends and strategic financial innovations, with the US elections as the main significant driver of this increase.”
Another important factor, they recall, was the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States in January, “a significant milestone that has amplified institutional participation in the crypto space.”
Major financial giants such as BlackRock and Fidelity launched Bitcoin spot ETFs, garnering widespread interest and introducing the cryptocurrency into mainstream investment portfolios, they explain.
According to Binance data, since their launch, spot Bitcoin ETFs have accumulated more than $63 billion, representing 5.2% of the total supply of this cryptocurrency.
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