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

VVV is the other major loser today, while PIEVERSE has rocketed by double digits. Bitcoin quickly shrugged off the immediate losses prompted by the Democratic sweep in the midterms and skyrocketed to a weekly high of $81,000, where it was finally halted. Most altcoins followed suit, with ETH reclaiming $2,400 and XRP surging past $1.30. Interestingly, HYPE, TRX, XMR, and RAIN have failed to join the ride. BTC Above $80K The primary cryptocurrency tanked hard at the end of the previous business week following the largest hack in the crypto industry in USD terms. It traded at around $81,000 before the bears drove it south to $76,400 first and then to $76,100. The bulls finally intervened after this major leg down, helping BTC recover some ground over the weekend to around $78,000. Monday morning began with another minor rally to $79,000, where the bears reemerged again and rejected bitcoin’s mild progress. Shortly after, the asset dipped to $76,400. As the midterms approached, the cryptocurrency regained some traction and tapped $78,000 again. However, the clear and decisive victory for the Democrats resulted in a massive nosedive for BTC, which tumbled to a seven-week low of $75,600...