Bitcoin price hits $80K for the first time — New 'inflation-adjusted' all-time high

Bitcoin is on the road to deliver its best weekly performance since February following Trump's reelection.

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Bitcoin’s (BTC) price crossed the $80,000 mark for the first in history and over $1.5 trillion in market capitalization just days after Donald Trump’s reelection in the United States presidential elections.

On Nov. 10, the top cryptocurrency rose by almost 4.50% to reach a new inflation-adjusted record high of $80,116 (data from Bitstamp). Smaller tokens, including Ether (ETH), Dogecoin (DOGE), and Cardano (ADA) also rallied.

BTC/USD daily price chart. Source: TradingView

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