Bitcoin has broken its previous record and reached a new all-time high of over $82,000, with a 19.5% increase compared to last week. This surge in price is attributed to President-elect Donald Trump's promise to enact pro-cryptocurrency policies and the success of pro-crypto candidates in down-ballot races. Other cryptocurrencies, including Ether, Dogecoin, Solana's SOL, and Binance's BNB, have also seen significant increases in value. The crypto price boom has resulted in a surge in the share price of related stocks, such as Coinbase, which has seen a 50% increase in the past five days. Trump's win in the US presidential election is expected to lead to a surge in cryptocurrency prices, with analysts predicting that Bitcoin could rise to $80,000 to $90,000 over the next two months. The crypto industry has become the largest corporate donor in the 2024 election cycle, with donations from the industry accounting for 44% of all corporate money contributed as of August. Coinbase and Ripple spent a total of $135 million to support candidates who are friendly towards the cryptocurrency industry in federal elections, and this investment seems to have paid off, with 268 pro-crypto candidates elected to the House and 19 to the Senate.