Bitcoin reaches record high of $95,000 as crypto sector eyes White House role under Trump
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Bitcoin reached a record high of $95,004 in Asia on Thursday, marking a significant increase in the cryptocurrency market. This rise follows a surge of over $800 billion since Donald Trump's election victory on November 5. Trump's team is considering creating a new position focused on the crypto sector, which would allow direct access to the president-elect. This development has boosted market sentiment, alongside MicroStrategy's plans to buy more bitcoin and the launch of options on U.S. bitcoin exchange-traded funds. Speculators are now watching to see if bitcoin will reach $100,000. Supporters of bitcoin view this milestone as a strong argument against critics who question its value and link it to illegal activities.