Bitcoin topped $84,000 for the first time ever... 'Wings to the Trump Effect'

Bitcoin, which has been at an all-time high since former President Donald Trump's election, has surpassed the $84,000 mark for the first time ever.

On the U.S. cryptocurrency exchange Coinbase, the price of one bitcoin, which is trading at 12 p.m. EST, is up 5.6% from 24 hours ago to $84,827.

After crossing the $80,000 mark for the first time the day before, it has risen to the $84,900 range at one point during the day, crossing the $85,000 mark.

Compared to trading at $70,000 on the morning of the 5th before former President Trump's election was confirmed, it jumped more than 20% in a week.

Unlike the Biden administration, which tightened penalties, the virtual currency industry has been hitting daily highs on expectations that Trump's second-term government will implement policies in favor of virtual currency.