Bitcoin continues to trade above $80,000 on Monday, reached on Sundaystill buoyed by Donald Trump’s victory in the United States, while the euro was weighed down by the government crisis in Germany. At around 10:50 GMT (11:50 in Paris), bitcoin was up 7.41%, at $82,204.19, having reached a record price of $82,387.53 on Monday.

Cryptocurrencies continue to soar with the victory in the US presidential election of Donald Trump, who promises to deregulate the sector, going against the grain of the more restrictive approach favored by current President Joe Biden. The Republican has vowed to replace Gary Gensler, the industry-hated head of the SEC, one of America’s financial market watchdogs, for whom he would “prevented any release of new cryptocurrency-related products without justification.”points out Stéphane Ifrah, analyst at Coinhouse. This year, however, the SEC authorized bitcoin ETFs in the United States, followed by ether ETFs, financial products based on the price of these two crypto-currencies.

Euro falls

Affected by Germany’s political difficulties, the euro was losing 0.17% against the pound at around 10:50 GMT on Monday, at 82.81 pence to the euro, shortly after collapsing to its lowest level since April 2022, at 82.79 pence. The European single currency was down 0.40% against a particularly buoyant greenback, at $1.0675 to the euro, at levels not seen since last June.

Pressure is mounting in Germany for early parliamentary elections, following the collapse, due to disagreements over the economy, of the coalition government initially formed by Chancellor Olaf Scholz’s Social Democrats, the Greens and the Liberals. Olaf Scholz said on Sunday that he was prepared, subject to conditions, to submit himself to a vote of confidence this year, which he is likely to lose as he no longer has a sufficient majority in Parliament. The Bundestag would then have to be dissolved within 21 days, and new elections called within 60 days.

“Political unrest in Germany” are weighing on the European currency, as government difficulties in the country, as well as in France, are preventing the European Union from adopting a clear direction, backed by strong leaders, believes Neil Wilson, analyst at Finalto. This situation is all the more critical given Europe’s exposure to Donald Trump’s actions, “both economically” – a possible increase in customs duties – “that of national defense”.notes XTB analyst Kathleen Brooks. “If Trump abandons Ukraine, the fear is that it will encourage Russia to threaten Europe’s national security.”, “an existential risk hanging over the euro”.she warns.