Bitcoin prices surged to $79,000 for the first time in a week since Donald Trump's re-election as US president, setting new highs several times in a row. However, traders cautioned against acting on impulse for now. "Bitcoin at $79,000 hit a new high, everyone hold on, this is just the beginning, this is the time to do it right and hold on," said Tuur Demeester, a bitcoin analyst. "There's no need to take any hasty action, HODLing will get the job done for you."