Bitcoin hits record high near $100,000 as investors react to Trump election victory

Bitcoin reached a new record high of $99,380, approaching the $100,000 mark. 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 by about 45% in the past two weeks since Trump's election victory. Bitcoin's rise is part of a broader trend known as "Trump trades," where assets are influenced by anticipated policies from the new administration.