{"id":12233,"date":"2024-11-11T05:44:20","date_gmt":"2024-11-11T05:44:20","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=12233"},"modified":"2024-11-11T05:36:32","modified_gmt":"2024-11-11T05:36:32","slug":"bitcoin-hits-80k-for-the-first-time","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/","title":{"rendered":"Bitcoin Hits $80K for the First Time"},"content":{"rendered":"\n<p>Bitcoin has broken past $80,000 for the first time in history, with strong momentum following Donald Trump\u2019s reelection. Analysts are now predicting a potential rally toward $100,000 as institutional investments and market demand surge.<\/p>\n\n\n\n<p>For the first time ever, Bitcoin\u2019s price crossed the $80,000 threshold, reaching an inflation-adjusted peak of $80,116 on November 10. This milestone also pushed Bitcoin\u2019s market capitalization above $1.5 trillion, reinforcing its position as a key asset class. This significant rise follows a week of price growth attributed to renewed confidence in the crypto market after Donald Trump\u2019s reelection in the U.S. presidential race.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Trump\u2019s Pro-Crypto Stance Boosts Market Optimism<\/h3>\n\n\n\n<p>During his campaign, Trump vowed to make the U.S. a global leader in cryptocurrency, promising regulatory support and even proposing the creation of a strategic Bitcoin reserve. Since his victory on November 6, Bitcoin has gained approximately 15.65%, setting the stage for its strongest weekly performance since February. Smaller cryptocurrencies, including Ethereum, have also rallied alongside Bitcoin\u2019s gains.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Bitcoin Outperforms Traditional Investments in 2024<\/h3>\n\n\n\n<p>Bitcoin has surged about 80% in 2024, outperforming traditional investments like stocks and gold. This growth is largely driven by increased demand for U.S.-based Bitcoin ETFs and recent Federal Reserve rate cuts. BlackRock\u2019s $35 billion iShares Bitcoin Trust (IBIT) has been a notable player in this rally, with record inflows boosting Bitcoin\u2019s price. Data from Farside Investors revealed that IBIT saw daily net inflows of $1.4 billion on November 8, while trading volume for the ETF hit an all-time high just a day earlier. This trend signals increased institutional interest in Bitcoin, a sentiment intensified by Trump\u2019s pro-crypto policy stance.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Analysts Set Sights on $100K Milestone<\/h3>\n\n\n\n<p>Bitcoin\u2019s rise to $80,000 has sparked predictions of a sustained bull run, with analysts forecasting a potential path to $100,000 by early 2025. Popular analyst Crypto Rover observed that Bitcoin often reaches new highs 50-60 days after U.S. elections, suggesting Bitcoin could approach the $100,000 mark by January if historical patterns hold.<\/p>\n\n\n\n<p>Analyst Doctor Profit highlighted the significant buying activity fueling Bitcoin\u2019s climb. In recent days, retail investors bought up 60,000 BTC, while BlackRock acquired 1,800 BTC. With only 450 new BTC mined daily and limited availability on exchanges, demand continues to outstrip supply. \u201cIf we continue at this pace, we\u2019ll likely see Bitcoin reach $100,000 by year\u2019s end,\u201d Doctor Profit projected.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has broken past $80,000 for the first time in history, with strong momentum following Donald Trump\u2019s reelection. Analysts are now predicting a potential rally toward $100,000 as institutional investments and market demand surge. For the first time ever, Bitcoin\u2019s price crossed the $80,000 threshold, reaching an inflation-adjusted peak of $80,116 on November 10. This [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":6122,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[257,18],"tags":[],"class_list":{"0":"post-12233","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-market-updates"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitcoin Hits $80K for the First Time<\/title>\n<meta name=\"description\" content=\"Bitcoin has broken past $80,000 for the first time in history, with strong momentum following Donald Trump\u2019s reelection. Analysts are now predicting a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Hits $80K for the First Time\" \/>\n<meta property=\"og:description\" content=\"Bitcoin has broken past $80,000 for the first time in history, with strong momentum following Donald Trump\u2019s reelection. Analysts are now predicting a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoMeter.io\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-11T05:44:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/bitcoin-bull-and-bear.jpg?fit=800%2C533&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anish Khalifa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoMeterIO\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Anish Khalifa\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/\"},\"author\":{\"name\":\"Anish Khalifa\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/79113eacd105c71e5fa6019d028ca61e\"},\"headline\":\"Bitcoin Hits $80K for the First Time\",\"datePublished\":\"2024-11-11T05:44:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/\"},\"wordCount\":389,\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/bitcoin-bull-and-bear.jpg\",\"articleSection\":[\"Bitcoin\",\"Market Updates\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/\",\"url\":\"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/\",\"name\":\"Bitcoin Hits $80K for the First Time\",\"isPartOf\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/bitcoin-bull-and-bear.jpg\",\"datePublished\":\"2024-11-11T05:44:20+00:00\",\"description\":\"Bitcoin has broken past $80,000 for the first time in history, with strong momentum following Donald Trump\u2019s reelection. Analysts are now predicting a\",\"breadcrumb\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/#primaryimage\",\"url\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/bitcoin-bull-and-bear.jpg\",\"contentUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/bitcoin-bull-and-bear.jpg\",\"width\":800,\"height\":533,\"caption\":\"bitcoin-bull-and-bear\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.cryptometer.io\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Hits $80K for the First Time\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#website\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"name\":\"CryptoMeter.io\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\"},\"alternateName\":\"CryptoMeter.io\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#organization\",\"name\":\"CryptoMeter.io\",\"url\":\"https:\/\/www.cryptometer.io\/news\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1\",\"width\":512,\"height\":512,\"caption\":\"CryptoMeter.io\"},\"image\":{\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/x.com\/CryptoMeterIO\"],\"publishingPrinciples\":\"https:\/\/www.cryptometer.io\/news\/about-us\/\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/79113eacd105c71e5fa6019d028ca61e\",\"name\":\"Anish Khalifa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-1-96x96.png\",\"url\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-1-96x96.png\",\"contentUrl\":\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-1-96x96.png\",\"caption\":\"Anish Khalifa\"},\"description\":\"Hi there! I'm Anish Khalifa, a passionate cryptocurrency content writer with a deep love for this ever-evolving industry. I've been writing about crypto for over 3 years now and I've been captivated by its potential to revolutionize the financial world.\",\"url\":\"https:\/\/www.cryptometer.io\/news\/author\/anishkhalifa\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bitcoin Hits $80K for the First Time","description":"Bitcoin has broken past $80,000 for the first time in history, with strong momentum following Donald Trump\u2019s reelection. Analysts are now predicting a","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Hits $80K for the First Time","og_description":"Bitcoin has broken past $80,000 for the first time in history, with strong momentum following Donald Trump\u2019s reelection. Analysts are now predicting a","og_url":"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/","og_site_name":"CryptoMeter.io","article_published_time":"2024-11-11T05:44:20+00:00","og_image":[{"width":800,"height":533,"url":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/bitcoin-bull-and-bear.jpg?fit=800%2C533&ssl=1","type":"image\/jpeg"}],"author":"Anish Khalifa","twitter_card":"summary_large_image","twitter_creator":"@CryptoMeterIO","twitter_site":"@CryptoMeterIO","twitter_misc":{"Written by":"Anish Khalifa","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/#article","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/"},"author":{"name":"Anish Khalifa","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/79113eacd105c71e5fa6019d028ca61e"},"headline":"Bitcoin Hits $80K for the First Time","datePublished":"2024-11-11T05:44:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/"},"wordCount":389,"publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/bitcoin-bull-and-bear.jpg","articleSection":["Bitcoin","Market Updates"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/","url":"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/","name":"Bitcoin Hits $80K for the First Time","isPartOf":{"@id":"https:\/\/www.cryptometer.io\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/#primaryimage"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/#primaryimage"},"thumbnailUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/bitcoin-bull-and-bear.jpg","datePublished":"2024-11-11T05:44:20+00:00","description":"Bitcoin has broken past $80,000 for the first time in history, with strong momentum following Donald Trump\u2019s reelection. Analysts are now predicting a","breadcrumb":{"@id":"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/#primaryimage","url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/bitcoin-bull-and-bear.jpg","contentUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/bitcoin-bull-and-bear.jpg","width":800,"height":533,"caption":"bitcoin-bull-and-bear"},{"@type":"BreadcrumbList","@id":"https:\/\/www.cryptometer.io\/news\/bitcoin-hits-80k-for-the-first-time\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.cryptometer.io\/news\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Hits $80K for the First Time"}]},{"@type":"WebSite","@id":"https:\/\/www.cryptometer.io\/news\/#website","url":"https:\/\/www.cryptometer.io\/news\/","name":"CryptoMeter.io","description":"","publisher":{"@id":"https:\/\/www.cryptometer.io\/news\/#organization"},"alternateName":"CryptoMeter.io","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.cryptometer.io\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.cryptometer.io\/news\/#organization","name":"CryptoMeter.io","url":"https:\/\/www.cryptometer.io\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","contentUrl":"https:\/\/i0.wp.com\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/cropped-favicon_large.png?fit=512%2C512&ssl=1","width":512,"height":512,"caption":"CryptoMeter.io"},"image":{"@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/CryptoMeterIO"],"publishingPrinciples":"https:\/\/www.cryptometer.io\/news\/about-us\/"},{"@type":"Person","@id":"https:\/\/www.cryptometer.io\/news\/#\/schema\/person\/79113eacd105c71e5fa6019d028ca61e","name":"Anish Khalifa","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-1-96x96.png","url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-1-96x96.png","contentUrl":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/cropped-1-96x96.png","caption":"Anish Khalifa"},"description":"Hi there! I'm Anish Khalifa, a passionate cryptocurrency content writer with a deep love for this ever-evolving industry. I've been writing about crypto for over 3 years now and I've been captivated by its potential to revolutionize the financial world.","url":"https:\/\/www.cryptometer.io\/news\/author\/anishkhalifa\/"}]}},"jetpack_featured_media_url":"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2024\/04\/bitcoin-bull-and-bear.jpg","_links":{"self":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/12233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/comments?post=12233"}],"version-history":[{"count":2,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/12233\/revisions"}],"predecessor-version":[{"id":12235,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/12233\/revisions\/12235"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media\/6122"}],"wp:attachment":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media?parent=12233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/categories?post=12233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/tags?post=12233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}