Bitcoin reached a record high above $90,000 on Wednesday, benefiting from President-elect Donald Trump’s promise to ease regulations on digital tokens.
The world’s largest cryptocurrency surged to an all-time high above $91,000 and remained stable around the range of $90,000 to $91,000 at the time of this report. This volatile asset has experienced significant gains since Trump’s victory in last week’s U.S. presidential election, breaking its record high multiple times.
In September, Trump announced that he, along with his sons and other entrepreneurs, would launch a digital currency platform named World Liberty Financial.
Cryptocurrencies have been in the news since their inception, drawing attention for their extreme volatility and the collapse of several major players in the industry, most notably the FTX exchange platform.
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