Bitcoin reaches new all-time high of $94,000 following Trump's re-election and BlackRock ETF launch

Bitcoin has reached a new all-time high of $94,000, driven by optimism surrounding Donald Trump's re-election and potential acquisition of crypto trading firm Bakkt. This marks an increase from $92,104 recorded just a day earlier. The surge in Bitcoin's value is also linked to the launch of options trading for BlackRock's iShares Bitcoin Trust, which saw $1.9 billion in trading volume on its first day. This development has further boosted interest in the cryptocurrency market. Since the beginning of the year, Bitcoin's value has doubled, contributing to a total cryptocurrency market value exceeding $3 trillion. The current market sentiment indicates strong buying interest in Bitcoin.