Bitcoin is closing in on $80,000 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.

Key Takeaways Bitcoin briefly topped $77,000 Friday, a new all-time high for the cryptocurrency.The recent bitcoin rally has been driven by Trump's election win and promise of a more crypto-friendly administration.

Bitcoin surged to a new all-time high of just over $77,000 on Friday, continuing its record-breaking streak following Donald Trump’s reelection as President of the United States. The strong support from the crypto community for Trump’s return to the White House is fueling Bitcoin’s upward momentum,

President-elect Donald Trump said Saturday that former Republican presidential contender Nikki Haley and former Secretary of State Mike Pompeo will not be asked to join his administration. "I very much enjoyed and appreciated working with them previously,

Nikki Haley, who ran against President-elect Trump, that she wishes him "great success" after he publicly said that she would not be invited to participate in his cabinet.

CNN commentator Ana Navarro suggested that Elon Musk was taking over the title of “First Lady” from Melania Trump after he appeared in a recent Trump family photo instead of her. Speaking on a panel on Friday,

Political commentator and CNN contributor Ana Navarro has suggested that tech bro Elon Musk was acting as Donald Trump’s “First Lady” after she spotted him in a photo in which Melania Trump was missing.

After the election, Elon Musk appeared in a photo with President-elect Donald Trump and his family. Kai Trump, Donald Trump Jr.’s daughter, posted the image on social media and captioned it “The Whole Squad.