Bitcoin reaches record high above $94,000 as market momentum grows

Bitcoin has reached a new record high, surpassing $94,000 for the first time. This increase follows reports that Donald Trump's social 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 its latest peak at $94,078. The surge is also linked to the start of options trading on the Nasdaq for BlackRock's bitcoin exchange-traded fund. The global cryptocurrency market has now exceeded $3 trillion in value, reflecting growing investor interest. Analysts note strong buying pressure for bitcoin, suggesting continued momentum in the market.