Bitcoin nears $90,000 following Trump's election victory

Bitcoin approached $90,000 on Tuesday, reaching $89,982, a 30% increase since November 5. The surge follows Donald Trump's election as U.S. president, with expectations of a supportive stance towards cryptocurrencies. Currently, Bitcoin is trading at $86,730 after a slight decline of 1.4%. The rise in Bitcoin's value coincides with a nearly 40% increase in Tesla's stock, reflecting investor optimism about Trump's administration. During his campaign, Trump expressed support for digital assets, aiming to position the U.S. as a leading hub for cryptocurrencies.