Record-breaking bitcoin surges towards $90,000 on Trump boost
undefined 13, 2024
Bitcoin surged to nearly $90,000 following Donald Trump’s election, with investors hopeful for a crypto-friendly administration. The cryptocurrency hit $89,982, up around 30% since Nov. 5, riding positive sentiment along with Tesla, which gained 40%. Trump’s pro-crypto stance, including plans to make the U.S. a "crypto capital" and potentially amass a national bitcoin stockpile, fueled a speculative boom. Crypto stocks like Riot and MARA Holdings soared, and MicroStrategy invested $2 billion in bitcoin amid expectations for reduced regulatory scrutiny.
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