Bitcoin reaches record high of $95,000 as traders anticipate regulatory changes

Bitcoin reached a new high of $95,004.50 on Thursday, marking the first time it has surpassed $95,000. This surge is attributed to expectations that president-elect Donald Trump will ease regulations on cryptocurrencies. Since Trump's election earlier this month, Bitcoin's value has increased nearly 40%. Traders are optimistic about a potential shift towards a more favorable environment for digital currencies under the new administration. The rise in Bitcoin's price reflects growing confidence among investors. Many are speculating that the upcoming administration will support the cryptocurrency market.