Trump's election victory fuels cryptocurrency market surge

Donald Trump's recent presidential election victory has significantly boosted cryptocurrency markets. Bitcoin's price surged past $90,000, with a market cap of $1.5 trillion, as investors poured $2.5 billion into Bitcoin exchange-traded funds in just a few days. The crypto industry is optimistic about a Trump administration, viewing it as more business-friendly compared to the previous administration. Advocates hope for clearer regulations that could encourage innovation and investment in the sector, which has faced uncertainty under current regulations. Trump's support for crypto has already influenced congressional races, resulting in a majority of pro-crypto candidates being elected. The new administration may lead to changes at the Securities and Exchange Commission, potentially easing restrictions on crypto businesses and fostering growth in the industry.