Bitcoin surged to nearly $90,000 following Donald Trump's victory in the U.S. presidential election, as crypto investors anticipate a more favorable regulatory environment.
The cryptocurrency reached $89,637 in Asian markets, marking a 25% increase since November 5. Trump's intention to replace U.S. SEC Chair Gary Gensler has fueled optimism among investors expecting less regulatory pressure. Crypto markets expect a friendlier stance under Trump’s administration