Bitcoin rises above $90,000 on Trump euphoria

Nov 13 (Reuters) – Bitcoin broke through the $90,000 level on Wednesday, as its rally showed no signs of easing on expectations that Donald Trump as U.S. president will be a boon for cryptocurrencies.

The world’s biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and on Wednesday touched record highs. It was last up 5.49% at $93,158, marking a 32% rise since the Nov. 5 election.

Smaller peer ether has also risen 37% since election day, while dogecoin , an alternative, volatile token promoted by billionaire Trump-ally Elon Musk was up more than 150%.

This chart depicts the price of Bitcoin from Nov. 1, 2024 to Nov. 13, 2024 1030ET.
This chart depicts the price of Bitcoin from Nov. 1, 2024 to Nov. 13, 2024 1030ET.
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