Bitcoin nears $90,000 as Donald Trump’s pro-crypto stance fuels market surge

Bitcoin surged close to $90,000 on Tuesday, fueled by expectations that President-elect Donald Trump will foster a crypto-friendly environment. The world’s largest cryptocurrency reached an impressive high of $89,982, marking a 30% increase since November 5. It later eased to $86,730, down 1.4%.

The surge comes alongside a remarkable rally in Tesla, up nearly 40% since the election results were announced. Investors believe that Trump’s presidency could benefit sectors tied to his network of allies and personal interests, including cryptocurrencies and tech giants.