- Bitcoin up dramatically since Trump victory
- Congress, regulators seen as crypto friendly
- Miners fly on speculation U.S. will buy crypto stockpile
Record-breaking bitcoin surges towards $90,000 on Trump boost
SINGAPORE/LONDON, Nov 12 (Reuters) – Bitcoin rallied to the verge of $90,000 on Tuesday, riding a wave of euphoria since the election of Donald Trump as U.S. president on expectations his administration will be crypto friendly.
The world’s biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and touched $89,982 – a gain of around 30% since Nov. 5. It was last down 1.4% at $86,730.
Bitcoin is surging along with Elon Musk’s automaker Tesla (TSLA.O), which is up nearly 40% since voting results rolled in, as investors figure Trump’s friends…
