Bitcoin rises above $90,000 on Trump euphoria
Bitcoin broke through the $90,000 level on Wednesday, as its rally showed no signs of easing on expectations that Donald Trump as U.S. president will be a boon for cryptocurrencies.
The world's biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and on Wednesday touched record highs. It was last up 5.49% at $93,158, marking a 32% rise since the Nov. 5 election.
Smaller peer ether has also risen 37% since election day, while dogecoin, an alternative, volatile token promoted by billionaire Trump-ally Elon Musk was up more than 150%.
Trump embraced digital assets during his campaign, promising to make the United States the «crypto capital of the planet» and to accumulate a national stockpile of bitcoin.
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View Details»It is unclear how or when that could happen but the possibility drove a speculative surge in crypto mining and trading stocks.
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