Bitcoin, Dogecoin and Solana Surge in Post-Election Crypto Price Jump
Crypto is on a hot streak since President-elect Donald Trump’s victory.
Bitcoin broke past $80,000 for the first time over the weekend, and recently traded around $82,000, according to the CoinDesk Bitcoin Price Index.
Dogecoin, a so-called meme token often promoted by Elon Musk, has nearly doubled in value since the morning of the Nov. 5 election, pushing it up the rankings of the largest cryptocurrencies into the sixth spot. Solana, the fourth largest, has also notched big gains.
The crypto industry expects Trump and the next Congress will deliver what it has long desired: rules that treat it differently from Wall Street. Trump has vowed to ease the regulatory burden on crypto and create a national bitcoin reserve.