Bitcoin hits record high of $95,004.50 following Trump's election victory
Bitcoin reached a new record high of $95,004.50 on Thursday, following Donald Trump's victory in the November 5 US Presidential election. The cryptocurrency's value has surged as investors anticipate regulatory changes that may favor digital assets. The rise in Bitcoin's price is supported by several factors, including the launch of options trading for BlackRock’s Bitcoin ETF, which has attracted significant institutional interest. Additionally, upcoming options for other Bitcoin ETFs are expected to further boost market sentiment. Investors are optimistic about Trump's potential influence on cryptocurrency policies, including his pledge to make the US a leader in digital assets. Market participants are also watching for his key appointments that could shape a more favorable regulatory environment for cryptocurrencies.