On Sunday, November 10, 2024, the most expensive cryptocurrency in the world, Bitcoin, rose to over $80,000 for the first time ever.

In May 2024, the Trump campaign stated that supporters could make bitcoin donations.

The price of Bitcoin recently surpassed $75,000 on Wednesday, the same day that Republican Party candidate Donald Trump won the US presidential election.

According to CoinMarketCap, a website that tracks the price of cryptocurrency assets, disclosed that Bitcoin has increased by more than 5.24 percent trading at $80,945.35 at 7:31 p.m. (GMT+1) on Sunday.

The second-largest cryptocurrency in the world, Ethereum, also saw a 4.64 percent rise in value to $3,220 as a result of the market.

Also, the market value of all cryptocurrencies increased by 2.20% to reach a new high of $2.65 trillion, or $157.07 billion, in one day.

The Trump campaign stated in May 2024 that supporters may donate in cryptocurrency, including as bitcoin, ether, and dogecoin, suggesting that cryptocurrency will play a significant role in the election.

According to Financial Times, the former US president started endorsing World Liberty Financial, a cryptocurrency company founded by his old business associates and others, last month.

To generate $300 million, World Liberty started selling its token to eligible investors.