Bitcoin hits record high approaching $100,000 as market reacts to Trump election

Bitcoin reached a new record high on Friday, nearing $100,000. This surge follows expectations of a more favorable regulatory environment under a Donald Trump administration. The cryptocurrency has more than doubled in value this year and increased about 45% since Trump's election victory. It is on track for its best monthly performance since February. Bitcoin's rise is part of a trend known as "Trump trades," where assets are influenced by anticipated policies from the Trump administration.