Bitcoin is closing in on $80,000 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.

Bitcoin surged to a new all-time high of just over $77,000 on Friday, continuing its record-breaking streak following Donald Trump’s reelection as President of the United States. The strong support from the crypto community for Trump’s return to the White House is fueling Bitcoin’s upward momentum,

Bitcoin reached $77,000 for the first time in history. Experts speculated that if the newly elected US President Donald Trump wins, the price of the cryptocurrency could rise, according to Binance. The first cryptocurrency reacted positively to Donald Trump's victory in the US presidential election and began breaking its all-time highs on election

Bitcoin exchange-traded fund has surpassed the size of its gold fund amid record demand for ETFs that invest in the original cryptocurrency.

Key Takeaways The amount of assets held by BlackRock's iShares Bitcoin Trust has grown larger than their iShares Gold Trust, the second largest gold ETF by assets.A key difference: The iShares Gold Trust has existed since 2005,

BlackRock’s iShares Bitcoin Trust (IBIT) has overtaken the iShares Gold Trust (IAU), in assets under management (AUM). BlackRock’s IBIT has garnered around $33.1 billion in AUM, overshadowing IAU, which currently holds around $32.