Investing.com– rose to a new record high on Monday (NASDAQ:), extending a rally from last week as sentiment toward cryptocurrencies remained lifted by Donald Trump’s victory in the 2024 presidential election.
Broader crypto prices also surged, with meme token Dogecoin rallying to a three-year high.
Improved appetite for crypto sparked a sharp increase in capital inflows into crypto investment vehicles over the past week, factoring into Bitcoin’s strong gains.
The hit a record high traded around $86,117.0 by 14:59 ET (19:59 GMT).
Bitcoin remains buoyed by Trump cheer
Gains in Bitcoin and other cryptos were driven chiefly by bets that Trump will enact more crypto-friendly policies…
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