Bitcoin nears $100,000 as crypto market cap surpasses $3 trillion after Trump victory

Bitcoin has surged towards $100,000, driven by Donald Trump's recent presidential election victory. The total cryptocurrency market cap has also climbed back above $3 trillion, a level not seen since 2021. Minneapolis Federal Reserve President Neel Kashkari has softened his previous criticism of Bitcoin, stating he will keep an open mind about cryptocurrencies. This shift comes as Trump’s administration is expected to adopt a more favorable stance on crypto regulations. Trump's plans include creating a U.S. Bitcoin strategic reserve and potentially using Bitcoin to address the national debt. Investors are closely monitoring these developments for their impact on the crypto market.