Bitcoin reaches new high as Trump effect boosts market sentiment

Bitcoin has reached a new all-time high of about $93,490, driven by positive sentiment following Donald Trump's recent presidential victory. This surge mirrors the 2016 election, when Bitcoin also saw significant price increases. Crypto analyst Mags noted that Bitcoin rose 2,700% after Trump's 2016 win. He suggests that a similar bullish trend could occur again, with potential peaks around $250,000 or even $420,000 in the coming years. Currently, Bitcoin's price has slightly decreased to $89,763 after a 20% increase this past week. Market indicators suggest that further price surges above $100,000 may be possible.