Bitcoin surpasses $94,000 as cryptocurrency market hits $3 trillion milestone

Bitcoin has reached a new record high, surpassing $94,000 for the first time. This surge is linked to reports that Donald Trump's social media company is in talks to acquire crypto trading firm Bakkt. The global cryptocurrency market's value has also hit a record of over $3 trillion. Bitcoin has more than doubled in value this year, driven by optimism about a potential cryptocurrency-friendly regulatory environment under the incoming Trump administration. Traders are capitalizing on the excitement, particularly with the start of options trading on the Nasdaq related to BlackRock's Bitcoin ETF. This renewed interest follows a period of low activity in the market.