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Bitcoin Surges Past $81,000 As Trump’s Election Fuels Crypto Rally

Bitcoin soared to a record high of $81,899, marking a new milestone for the cryptocurrency sector following the election of Donald Trump as U.S. president, as well as the success of several pro-crypto candidates in Congress. The top cryptocurrency has more than doubled since its yearly low of $38,505, and it currently sits around $81,572. Trump’s campaign rhetoric included strong support for digital assets, with promises to make the U.S. the “crypto capital of the planet” and to amass a national bitcoin reserve.

The so-called “Trump trades” have sparked a significant rally in cryptocurrencies, with analysts like City Index’s Matt Simpson noting the continued strength of this “Trump-pump.” Market sentiment has also been boosted by the prospect of regulatory relaxation, particularly as Trump has pledged to replace SEC Chair Gary Gensler, who has taken a tough stance on crypto regulation.

Crypto-focused congressional candidates have seen major successes, with the industry investing over $119 million in their campaigns. Notably, anti-crypto Senator Sherrod Brown lost his seat, while several pro-crypto candidates won across key states like Michigan and Alabama.

Trump has signalled personal interest in the sector by launching a crypto-related business, World Liberty Financial, while key allies like Elon Musk continue to champion digital currencies. Eric Trump, the president-elect’s son, will also be a keynote speaker at an upcoming Bitcoin conference in Abu Dhabi. The rally has extended beyond Bitcoin, with Ether rising above $3,200 and Dogecoin reaching a three-year high.

Call for Reform: Cyprus Faces New Challenges with Emerging Tobacco Products

In the face of a burgeoning variety of tobacco products, existing smoking laws in Cyprus are struggling to keep pace, as highlighted by Christos Minas, the president of the Cyprus National Addictions Authority (AAEK). On World No-Tobacco Day, there was a push for legislative reforms to comprehensively cover all tobacco forms, including non-nicotine alternatives.

Addressing Rising Trends with Effective Policies

Minas emphasized the surge in popularity of e-cigarettes and flavored products, particularly among the youth. The proposed legal updates aim to enhance enforcement efficiency against these emerging trends.

In collaboration with the World Health Organization’s (WHO) framework, the AAEK has established the first set of national guidelines for smoking cessation in Cyprus, crafting prevention and treatment strategies based on robust scientific evidence.

Educating Youth and Public Awareness Initiatives

Efforts are underway to raise awareness, with informative materials distributed to secondary schools across Cyprus. A public event in Nicosia highlighted the state’s ongoing commitment, providing carbon monoxide testing and expert advice on new tobacco products.

Recent data from the Cyprus general population survey 2023 indicates that 38% of smokers have used e-cigarettes recently, and the smoking initiation age remains at 18.

A Glimpse into Youth Smoking Patterns

According to the latest European school survey, 14% of Cypriot students aged 15-16 reported smoking traditional cigarettes last month. Although this rate is declining, Cyprus still ranks high in Europe for e-cigarette and hookah use among students.

The concern is global, with WHO reports showing over 37 million children aged 13-15 engage in tobacco use, driven by aggressive marketing in loosely regulated environments.

The urgency for reform is clear: before these trends solidify, proactive measures are necessary to protect future generations from potentially hazardous habits.

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