Citi strategists highlight that crypto has been one of the "few Trump trades that has yet to retrace." On the campaign trail, President-elect Donald Trump announced a slew of promises to the crypto industry,

The price of bitcoin has risen over $80,000 for the first time following the president-elect's win over Kamala Harris last week.

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.

Cryptocurrencies extended their rally on Sunday, with bitcoin touching $80,000 for the first time ever. The price of the flagship cryptocurrency was last higher by 4.5% at $79,800.19, according to Coin Metrics.

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.

By Ankur Banerjee SINGAPORE (Reuters) -Bitcoin soared to a record high above $81,000 on Monday on expectations that cryptocurrencies will boom in a favourable regulatory environment following the election of Donald Trump as U.

On the campaign trail the president-elect pledged to make America "the crypto capital of the planet".