Bitcoin soared to an all-time high above $90,000 on Wednesday, boosted by President-elect Donald Trump’s recent promises to ease regulations on digital assets.
The cryptocurrency reached a peak of $91,000 before stabilizing at $90,670.
Since Trump’s victory in the U.S. presidential election last week, Bitcoin has surged, consistently breaking records.

During his campaign, Trump pledged to make the U.S. the “Bitcoin and cryptocurrency capital of the world.”
In his previous term, Trump’s corporate tax cuts increased market liquidity, which helped drive investment in cryptocurrencies.
In September, he announced a new digital currency platform, World Liberty Financial, in collaboration with his sons and entrepreneurs.
However, its launch earlier this month fell short of expectations, with only a small portion of tokens sold.
Cryptocurrencies continue to draw worldwide attention with their volatility and the collapse of key players like the FTX exchange.
Ahead of the election, Trump reportedly became the first former president to use Bitcoin in a purchase, buying burgers at a New York restaurant that called it a “historic transaction.”
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