Bitcoin Nears $90,000 as Crypto Market Exceeds Pandemic-Era Peak
(Bloomberg) — Bitcoin’s record-breaking rally took the digital asset past $89,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump.
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The largest token has jumped about 32% since the US election on Nov. 5, hitting an all-time high of $89,599 on Tuesday. The original cryptocurrency changed hands at $88,450 as of 5:45 a.m. in London.
Trump has vowed friendlier crypto rules and his Republican Party is tightening its grip on Congress, boosting his odds of pushing through his agenda. Trump’s other pledges include setting up a strategic Bitcoin stockpile and fostering domestic mining of the token to make the US the crypto…
