Bitcoin reaches new high above $94,000 as market optimism grows

Bitcoin has reached a new all-time high, surpassing $94,000 for the first time. The surge follows reports that Donald Trump's media company is in talks to acquire crypto trading firm Bakkt, raising expectations for a supportive regulatory environment. The cryptocurrency has more than doubled in value this year, with Bitcoin trading at $94,291. The market's optimism has grown since the November 5 U.S. election, as traders anticipate Trump's backing for digital assets. The global cryptocurrency market has now exceeded $3 trillion in value. U.S. spot bitcoin exchange-traded products have seen $4.2 billion in inflows since Trump's election victory, indicating strong investor interest.