Bitcoin hits record high of $99,380 as it targets $100,000

Bitcoin reached a new record high of $99,380 on November 22, 2024, as it aims for the $100,000 mark. This increase follows a significant rally driven by expectations of a favorable regulatory environment under a potential Donald Trump administration. The cryptocurrency has more than doubled in value this year and gained about 45% in the two weeks since Trump's election victory. The election of pro-crypto lawmakers to Congress has also contributed to this surge. Bitcoin is on track for its best monthly performance since February, highlighting its status as a key player in the so-called "Trump trades."