Bitcoin reaches all-time high above $94,000 following Trump's election victory

Bitcoin has reached a new all-time high, surpassing $94,000, following Donald Trump's recent election victory. The cryptocurrency's price rose significantly after reports of Trump's potential acquisition of Bakkt, a crypto trading firm. Previously, Bitcoin had hovered around $90,000 and set a record of over $93,000 last week. The surge is attributed to increased investor confidence in a more favorable regulatory environment for cryptocurrencies under Trump's administration. Since the election, Bitcoin's value has increased by nearly 35%, rising from about $70,000. This growth reflects traders' optimism about Trump's support for digital assets and the potential for a less restrictive regulatory framework.