Bitcoin reaches all-time high above $95,000 in early Asian trading

Bitcoin has reached a new all-time high, crossing $95,000 for the first time. It hit $95,004.50 during early trading in Asia, with expectations it may soon reach $100,000. The surge follows the election of Donald Trump, who is seen as likely to ease regulations on cryptocurrencies. Since the election, Bitcoin's value has increased nearly 40 percent. Traders are optimistic about a potential "crypto-friendly" era under Trump's administration. This growing confidence has contributed to the recent price rally in the digital currency.