Bitcoin approaches $90,000 following Donald Trump's election victory

Bitcoin's price has surged to nearly $90,000, reaching $89,900 in the past 24 hours. This increase follows Donald Trump's victory in the recent U.S. presidential election, with Bitcoin rising 26.55% over the past week. The total cryptocurrency market cap briefly exceeded $3 trillion. Investors are optimistic about Trump's potential policies, including replacing the SEC chair and supporting Bitcoin as a reserve asset, which could lead to more favorable regulations for the crypto industry. Trading volumes have increased significantly, with ZebPay reporting a 55% rise in activity. Despite the current upward trend in Bitcoin, the overall crypto market remains volatile, with many altcoins showing little movement.