Bitcoin surged past the $82,000 mark on Binance, marking a substantial 17% increase since the public announcement of Donald Trump’s victory in the recent US presidential election.
The victory of Donald Trump has significantly bolstered Bitcoin’s market sentiment, primarily due to his campaign promises and supportive legislative initiatives.
Rumors about Bitcoin nation-state adoption and the establishment of a national Bitcoin reserve under Trump have ignited a global race to amass Bitcoin reserves.
A significant short squeeze and the resurgence of retail interest have also contributed to Bitcoin's recent rally.