Bitcoin tops $89,000. Is Donald Trump’s US presidential poll win spurring the rally?

Bitcoin surged past $89,000 on Tuesday, reaching an all-time high, as investors rallied behind hopes of a crypto-friendly stance from President-elect Donald Trump. The rally, which pushed Bitcoin to $89,599 before settling at $87,800 in early Singapore trading, has marked a 30% rise since Trump’s election on November 5.