From Investing.com: 2024-11-12 00:58:22

Bitcoin surged on Tuesday, hitting new highs as optimism for crypto-friendly regulations under a Trump administration continued to drive the market. Altcoins also saw significant gains, with Dogecoin jumping nearly 42%. Bitcoin traded at $88,313.1, up 9.4%, despite a stronger dollar. Trump’s promises of crypto-friendly policies have investors excited, with inflows into crypto ETFs like Blackrock’s iShares Bitcoin Trust surpassing gold ETFs. Mt Gox moved $2.4 billion in Bitcoin, hinting at a potential distribution. Altcoins rallied, with Dogecoin up 42% and Ethereum rising 4.4%. Other major cryptocurrencies also saw gains.



Read more at Investing.com: hits record high near $90k, Doge surges on Trump hype By Investing.com