Cryptocurrencies
Bitcoin Hits Another Record High in ‘Undeniable Bull Market’
- President-elect Trump’s crypto ardor is energizing the market
- Digital-asset traders predict a friendlier regulatory backdrop
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Bitcoin continued its relentless surge higher, climbing above $88,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers.
Trump’s decisive victory in the presidential election has prompted celebratory chest-thumping from the digital-asset industry, which spent over $100 million backing a range of crypto-friendly candidates. Bitcoin has surged more than 30% since last week’s election, setting record highs almost daily.