Bitcoin prices have surged over the past four weeks, reaching an all-time high of nearly $100,000, following President-elect Donald Trump’s expressed support for cryptocurrencies. The digital asset has seen significant gains, increasing by approximately 40% since Trump won the election on November 5. The surge is largely attributed to optimism surrounding a potential shift in US regulations from strict crackdowns to more friendly approaches. As a result, the crypto market as a whole has seen significant gains of over $900 billion.
Source: https://www.bloomberg.com/news/articles/2024-11-21/bitcoin-btc-on-verge-of-95-000-as-crypto-seeks-direct-line-to-trump