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The Guardian - US
The Guardian - US
Technology
Jasper Jolly

Bitcoin price tops $87,000 for first time amid ‘Trump pump’

Donald Trump Donald Trump Jr. Bitcoin Elon Musk Crypto Tesla Inc. White House United States Gary Gensler Cryptocurrency
man in a suit speaks
Trump speaking at the Bitcoin 2024 conference in Nashville in July. The president-elect courted the crypto community during his campaign. Photograph: Mark Humphrey/AP

The price of bitcoin has risen above $87,000 for the first time as it benefited from traders’ hopes that Donald Trump will favour cryptocurrencies when he returns to the White House.

Bitcoin reached a record high of $87,198, before slipping back slightly on Monday. The price has more than doubled from about $37,000 12 months ago.

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