Bitcoin approaches $90,000 as speculation grows over pro-crypto US regulatory changes

Bitcoin has surged to $89,500, nearing its record high of $90,000. This increase is driven by speculation about potential pro-crypto regulatory changes in the U.S. following recent election results. Reports suggest that Donald Trump may appoint crypto-friendly candidates, like Mark Uyeda and Paul Atkins, to key regulatory positions. This could ease current regulatory pressures on the cryptocurrency market. The rally has also boosted trading in BlackRock’s spot Bitcoin ETF, which saw a record volume of $4.5 billion. Other cryptocurrencies, including Ethereum and Solana, have gained as well, contributing to a total market capitalization of $3.1 trillion.