Bitcoin nears $100,000 as investor optimism surges after Trump's election

Bitcoin is approaching $100,000 for the first time, driven by investor optimism following Donald Trump's election as president. The cryptocurrency has more than doubled from a low of $38,505 earlier this year and has risen about 45% since the election. This surge marks a significant shift in Bitcoin's value, with the total crypto market cap reaching $3 trillion for the first time. The price increase follows a period of regulatory uncertainty and market volatility in the crypto sector. Recent developments include the SEC's approval of multiple spot Bitcoin ETFs, which has contributed to increased investor interest. Bitcoin's price has risen approximately 40% since Trump's election victory on November 6.