Bitcoin surges to over $98,000 following Trump's election win

Bitcoin has surged to over $98,000, marking a 40% increase in just two weeks. This rise follows Donald Trump's victory in the US Presidential elections, which has sparked optimism among investors regarding his favorable stance on cryptocurrencies. The cryptocurrency's rapid ascent is notable as it approaches the $100,000 milestone. Investors are closely monitoring Bitcoin's performance, which has remained strong despite the inherent volatility of the market. In India, the legal status of cryptocurrencies remains unclear. While there is no outright ban, the Reserve Bank of India and government officials have indicated that cryptocurrencies may be effectively illegal, despite a recent tax framework introduced for digital assets.