Bitcoin, the world’s largest cryptocurrency by market capitalisation, has surged to a fresh record high of $89,000.
The digital currency has continued to rally since the conclusion of the United States presidential election. Bitcoin started climbing on November 6, when Donald Trump, a Republican Party candidate, won the US presidential election. The digital asset reachedSince the US elections, bitcoin has seen a bullish run, with the crypto market adding nearly $500 billion to its total value in less than a week.Ethereum, the second-largest cryptocurrency by market capitalisation, also surged to $3,392 on Wednesday — up from the $3,220 traded on Sunday.
In October, the former US president began promoting World Liberty Financial, a crypto venture set up by his longtime business partners and others, according to the Financial Times.Yunusa Tanko: Obidient movement will seek new path outside LP if crisis persists