Bitcoin hits new record above $97,000 as investor optimism grows
cnbc.com —
Bitcoin has reached a new all-time high, surpassing $97,000 for the first time. The cryptocurrency was last priced at $97,646.68, marking a rise of over 3% on Wednesday night. This surge is attributed to investor optimism regarding a potential second term for Donald Trump, which is believed to favor the cryptocurrency market. Mining stocks, including Mara Holdings, also saw gains. Bitcoin's price has increased by more than 127% in 2024, driven by improved liquidity, greater institutional interest, and a more favorable regulatory environment.