Bitcoin (BTC) Record Lifts Crypto Market Value Past Pandemic-Era Peak
Bitcoin’s chartbusting rally took the digital asset to almost $90,000 for the first time 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.
The largest digital currency has jumped about 33% since the US election on Nov. 5, hitting an all-time high of $89,968.10 on Tuesday, based on a benchmark of composite prices tracked by Bloomberg. On some exchanges such as Coinbase, and broker platforms like Galaxy Digital’s, the price did briefly exceed $90,000. Smaller tokens such as Dogecoin and shares of crypto-related companies like MicroStrategy Inc. also extended their record-breaking gains.
