From Investing.com

November 19, 2024 9:11:06 pm:

Bitcoin hit a record high above $94,000 on reports of Trump’s social media company considering buying Bakkt. The cryptocurrency has doubled this year, reaching $92,104. Trump Media may acquire Bakkt in an all-stock deal, backed by NYSE-owner ICE. Market analyst Tony Sycamore credits the rise to Trump deal talks and Nasdaq options trading on BlackRock’s Bitcoin ETF.

Cryptocurrency market value surpasses $3 trillion with bitcoin’s surge post-election. Analyst Chris Weston notes strong buying pressure for bitcoin, predicting a further increase will attract more buyers. Traders anticipate a crypto-friendly Trump administration with less regulatory restrictions, injecting life into the market after a stagnant period.

Read more at Investing.com: Bitcoin breaches $94,000 for the first time By Reuters