💨 Abstract

Bitcoin hit a record high of $82,527 on Monday, driven by expectations of a pro-crypto regulatory environment following the election of Donald Trump as U.S. president and pro-crypto candidates to Congress. Trump has promised to make the U.S. the "crypto capital of the planet" and to accumulate a national bitcoin stockpile. The crypto industry spent over $119 million backing pro-crypto candidates, many of whom won their races.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖