The price of bitcoin has risen above $80,000 (£62,000) for the first time ever, after Donald Trump's decisive victory in the US election last week. It comes as the Republicans are edging closer to overall control of Congress after having already secured the presidency and a majority in the Senate.

Bitcoin soared to record high of over $81,000 on Monday as Donald Trump's victory in the U.S. presidential election along with pro-crypto candidates being voted to the Congress spurred expectations of a light-handed regulatory environment.

Bitcoin rallied past $81,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers.

The price of bitcoin topped $80,000 for the first time Sunday, extending a rally fueled by cypto optimism following Donald Trump’s election win.

Good morning. Bitcoin tops $80,000 for the first time. Firms overseas pull out of China investments. And Prada has a plan to avoid succession drama. Listen to the day’s top stories.

Bitcoin has hit $80,000 for the first time as Donald Trump recorded victories in Nevada and Arizona in the US election, marking a clean sweep of the seven swing states for the president-elect and paving the way for a more pro-crypto administration.