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Bitcoin brushes $85,000 in new all-time high [Yahoo! Finance]
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US:NASDAQ Investor Relations: ir.tesla.com
Since election night, the original cryptocurrency has climbed from around $70,000 to just short of $85,000 on mid-day Monday. Bitcoin is now the ninth-largest financial asset by market cap, eclipsing famous names like Meta and Tesla The bull run appears to validate the crypto industry's decision to pour more than $100 million into electoral politics as, alongside Trump, there are now poised to be over 280 pro-crypto candidates in the next Congress. In one significant race, the crypto industry successfully helped defeat Ohio Senator Sherrod Brown, a high-profile critic and chair of the powerful Banking Committee, and replace him with blockchain entrepreneur Bernie Moreno. All of this puts President-elect Trump in a strong position to act on his campaign promises, which include firing Securities and Exchange Commission Chair Gary Gensler, and exploring a U.S. strategic Bitcoin reserve. The current rally has lifted other currencies alongside Bitcoin. Dogecoin, in particular, ha
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