Bitcoin Soars Past $80K, Official Trump (TRUMP) Tanks by Another 15%: Market Watch

Bitcoin rose past $80,000 and reached a weekly high of $81,000 after the Democratic sweep in the midterms, a move that liquidated $380 million in short positions within an hour as US trading began yesterday. The cryptocurrency had fallen to a seven-week low of $75,600 amid the election uncertainty before rebounding; it remained above $80,000 as of press time, with market capitalization at $1.610 trillion and dominance over altcoins above 60%. The official meme coin linked to the US president, TRUMP, fell another 15% over 24 hours to a three-month low. Ethereum reclaimed $2,400 and XRP rose to $1.32.