Bitcoin Hits All-Time High of $94,000 as Post-Election Rally Continues | Global News Avenue

this Bitcoin price It hit a record high on Tuesday afternoon, continuing its sharp rise in the two weeks since Donald Trump won the presidential election.

The cryptocurrency was trading as high as $94,000 in afternoon trading, according to cryptocurrency tracker CoinMarketCap. Bitcoin hits previous record $93,000 last week It has been hovering around $90,000 in recent days.

The historically volatile asset has exploded since Trump’s election, rising nearly 35% from about $70,000 at 9 p.m. ET on election night. Investors are optimistic that the president-elect’s support for cryptocurrencies and support from a crypto-friendly Congress will lead to policies beneficial to the asset class.

The new record is in financial times It was reported on Monday that the Trump Media & Technology Group (DJT), Trump owns 53% of the company and is working with Buy Cryptocurrency Exchange Bakkt (BKKT).

Bitcoin ETF options trading begins

Investors looking for another way to participate in Bitcoin will be able to Trade options At BlackRock (black) iShares Bitcoin TrustThe ETF, reportedly worth $42 billion, launched in January and starts on Tuesday Barron’s and others.

In fact, according to a report by CryptoSlate, the ETF’s options trading volume reached over $446 million in the first few hours.