Bitcoin hits record high of over $93,000 as Dogecoin surges following Trump election victory

Bitcoin reached a new record high of over $93,000 on Wednesday, driven by investor enthusiasm following Donald Trump's election victory. The cryptocurrency has increased by more than 30% since the election. Dogecoin also surged, rising up to 150% since election day. This increase followed Trump's announcement of a new advisory group, led by Elon Musk and Vivek Ramaswamy, focused on government efficiency. The crypto industry anticipates a more favorable regulatory environment under Trump, contrasting with the previous administration's approach. Supporters believe this shift could benefit the sector significantly.