Bitcoin hit $80,000 for the first time, as investors continued to digest the implications of a second term for President-elect Donald Trump. Bitcoin has been deemed a safe asset regardless of the outcome of the election Smaller coins,

Bitcoin on Sunday hit a new record above $80,000. The world’s largest cryptocurrency surged in the run-up to Tuesday’s US presidential election, rose sharply immediately on election night after it became clear Donald Trump would win and has continued rising in the days since his victory.

On Nov. 10, the top cryptocurrency rose by almost 4.50% to reach a new inflation-adjusted record high of $80,116 (data from Bitstamp). Smaller tokens, including Ether ( ETH ), Dogecoin ( DOGE ), and Cardano ( ADA) also rallied.