Bitcoin has soared to a series of new all-time highs in the weeks following the victory of President-elect Donald Trump, with the cryptocurrency asset surging to a new high of $94,000 today.
The largest cryptocurrency asset has climbed to a series of new highs ever since election night, first jumping from roughly $68,000 to about $74,000 as Trump secured victory over Vice President Kamala Harris, then surging again to $90,000 in the eight days that followed.
Bitcoin sat at just over $44,000 on January 1st, 2024, marking an increase of over 100 percent in less than a year.
JUST IN: $94,000 #Bitcoin 💥🚀 NEW ALL TIME HIGH! pic.twitter.com/bqMlM4Hprf
— Bitcoin Magazine (@BitcoinMagazine) November 19, 2024
Today’s jump in price to $94,000 followed Trump’s decision to name Cantor Fitzgerald CEO Howard Lutnick as his Secretary for the Department of Commerce.
Lutnick has been a vocal…
