Bitcoin nears $90,000 as Crypto market exceeds pandemic-era peak
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 US President-elect Donald Trump.
The largest token has jumped about 32% since the US election on November 5 and hit an all-time high of $89,599 early on Tuesday. The original cryptocurrency changed hands at $89,165 as of 9:25 am in Singapore.
Trump has vowed friendlier crypto rules and his Republican Party is tightening its grip on Congress to push through his agenda. Other pledges include setting up a strategic US Bitcoin stockpile and boosting domestic mining of the token.
His stance is a sharp break from a crackdown on the divisive industry by the Securities…
