Bitcoin approaches $90,000 as Trump election boosts investor confidence

Bitcoin is nearing $90,000, gaining over 25% since Donald Trump's election as U.S. president. Investors expect a more crypto-friendly administration, boosting interest in Bitcoin and related stocks. The cryptocurrency reached $89,637 in Asia, with notable increases in stocks of crypto miners like Riot Platforms and MicroStrategy. Smaller tokens like ether and dogecoin also saw significant gains. Trump's support for digital assets during his campaign has fueled speculation about increased demand and potential national investments in Bitcoin. Investors anticipate less regulatory scrutiny under a new SEC leadership.