Bitcoin touches record high above $93,000 on optimism around Trump’s pro-crypto promises
Bitcoin (BTC-USD) prices traded to a record high on Wednesday, peaking north of $93,400 in a continuation of the crypto rally following Donald Trump’s election win last week.
The world’s largest cryptocurrency, which has been at the center of the “Trump trade” catalyzing moves across a range of assets, is up more than 30% since Election Day.
The price of bitcoin has more than doubled this year.
Investors have flocked to bitcoin and other digital assets under the presumption that Trump will follow through on his pro-crypto campaign promises.
The president-elect has suggested appointing a crypto Presidential Advisory Council, firing SEC Chair Gary Gensler, and creating a “strategic national bitcoin stockpile.”
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