Bitcoin nears $94,000 as volatility decreases and Trump media company eyes trading platform acquisition
qz.com —
Bitcoin is nearing $94,000, trading at about $93,700, with a market cap of $1.85 trillion. This marks a 37% increase in value over the past month, attributed to growing institutional investment. Reports suggest that President-elect Donald Trump's media company may acquire the cryptocurrency trading platform Bakkt. This potential deal could further influence the cryptocurrency market. Trump's recent activities, including launching a cryptocurrency venture and accepting donations in various digital currencies, have increased investor optimism about the legitimacy of cryptocurrencies under his administration.