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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.

Only 1% Of Cyprus Farms Use Precision Farming Technologies

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.

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