Bitcoin hits new high above $94,000 as investors track Trump transition and ETF options
cnbc.com —
Bitcoin reached a new high of over $94,000 on Wednesday, trading at $94,461.75. This increase comes as investors monitor the transition of President-elect Donald Trump and the launch of options trading for bitcoin exchange-traded funds (ETFs). The price surge follows a trend of record highs since the election, although gains have slowed recently. Traders are particularly focused on Trump's upcoming appointments for key financial positions, which could influence cryptocurrency regulations. Options for several bitcoin ETFs began trading this week, reflecting growing institutional interest in the cryptocurrency market. This development is seen as a sign of the market's maturation and increased acceptance among investors.