Bitcoin nears $90,000 as crypto market value hits $3 trillion after election results

Bitcoin is nearing $90,000, trading at about $89,313 on Tuesday. The cryptocurrency has risen 18% in the past five days, driven by excitement over Donald Trump's election win and its impact on the crypto market. The total value of the cryptocurrency market has reached $3 trillion, with increased interest in digital assets. Traders are speculating that Bitcoin could exceed $100,000 by the end of the year, with some forecasts suggesting it may reach $125,000. Trump's support for cryptocurrencies during his campaign has fueled optimism among traders. His recent initiatives include a stablecoin launch and proposals for a national bitcoin reserve, contributing to the current market rally.