Bitcoin surged past $94,000, setting a new record, following reports that Donald Trump’s social media company is in talks to acquire crypto trading platform Bakkt This development has fuelled optimism for a pro-cryptocurrency stance under the anticipated Trump administration.
The leading cryptocurrency has more than doubled in value this year. During Asian trading hours on Wednesday, Bitcoin was trading at $92,104 after reaching $94,078 late in the previous session. Cryptocurrencies have gained significant momentum since the U.S. elections on November 5, with traders anticipating that Trump’s support for digital assets could lead to relaxed regulations and revitalized interest in Bitcoin.
This enthusiasm has propelled the global cryptocurrency market valuation beyond $3 trillion, according to data from analytics platform CoinGecko
