Bitcoin reaches new high of $95,000 on Coinbase as trading surges

Bitcoin reached a new all-time high of $95,000 on Coinbase, marking a significant increase from the previous day's record of over $93,500. This surge comes amid strong trading activity, with nearly $78 billion in Bitcoin traded in the last 24 hours. The price rise follows the launch of spot Bitcoin ETF options for BlackRock's iShares Bitcoin Trust, which began trading on the Nasdaq. On its first day, these options saw $1.9 billion in trades, contributing to the bullish market sentiment. Recent developments, including a U.S. spot ETF approval and a Republican presidential victory, have also fueled optimism. President-elect Donald Trump has indicated plans to support the cryptocurrency industry, further enhancing market confidence.