Bitcoin nears $100,000 as Trump’s election boosts cryptocurrency market

Bitcoin's price is approaching $100,000, currently at around $87,880, following a 93% increase this year. The surge is linked to President-elect Donald Trump's pro-cryptocurrency stance and anticipated regulatory clarity. Since the U.S. election, Bitcoin has risen about 30%. Analysts suggest that Trump's administration may provide significant support for Bitcoin, potentially enhancing its status as a strategic asset. Market experts note that inflation concerns are driving investors toward Bitcoin as a hedge against declining purchasing power. They emphasize the importance of careful research amid the current bullish market conditions.