Cryptocurrency rally continues: Bitcoin hits all-time high!

Supported by reports that Donald Trump's cryptocurrency trading platform Bakkt may be acquired, Bitcoin has surpassed 94 thousand dollars, reaching the highest level in its history. This development continues to attract more investors with Trump's promises of a crypto-friendly administration.

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Cryptocurrency rally continues: Bitcoin hits all-time high!

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Bitcoin, which has been on a rally since Donald Trump's victory in the US elections, broke another record overnight, surpassing $94,000.

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WHY DID BITCOIN RISE?

Following reports that Donald Trump's social media company is in talks to acquire the cryptocurrency trading firm Bakkt, which boosted hopes for a new 'crypto-friendly' regime under the Trump administration, Bitcoin reached a record level by climbing above $94,000.

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WILL THE CRYPTO RALLY CONTINUE?

Cryptocurrencies have been rising since the November 5 US elections, driven by investor expectations that President-elect Trump's support for digital assets will lead to a less restrictive regulatory regime and breathe new life into Bitcoin after a stagnant few months.

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The growing excitement has pushed the value of the global cryptocurrency market to over $3 trillion, reaching a record high according to the analytics and data aggregator CoinGecko.