Bitcoin approaches $100,000 as traders react to Trump's presidential campaign

Bitcoin's price has surged to nearly $100,000, reaching over $98,000 for the first time. This increase follows the recent US presidential election, where traders are optimistic about Donald Trump's potential return to office and his "crypto-friendly" stance. Trump has promised to make the US a leader in cryptocurrency and has launched a new venture to trade digital assets. His previous policies, which included tax cuts, contributed to increased market liquidity and investment in cryptocurrencies. Despite the current rise, analysts caution that Bitcoin's long-term value remains uncertain, as past fluctuations have shown significant volatility.