Egypt Daily News – Bitcoin, the most famous cryptocurrency in the world, achieved an unprecedented historic leap by crossing the threshold of $94,000, driven by reports of possible negotiations between Donald Trump’s media and technology company and the “Bakkt” platform specializing in cryptocurrency trading.
The Financial Times reported, citing two informed sources, that Trump’s company, which operates the “Truth Social” platform, is close to completing an acquisition of “Bakkt”, which is supported by the New York Stock Exchange, through an exchange of shares between the two companies.
The digital currency recorded a record level of $94,078 at the end of the trading session, before settling at $92,104 during Asian trading on Wednesday, achieving more than double its value since the beginning of this year.
Analysts attribute this record rise to reports of the Trump deal, in addition to the launch of options trading on the BlackRock Bitcoin ETF on the Nasdaq Stock Exchange.
Cryptocurrencies are on the rise since the US elections on November 5, with investors expecting that President-elect Trump’s support for digital assets will lead to an easing of regulatory restrictions. The total market value of cryptocurrencies has exceeded $3 trillion, according to the CoinGecko data analysis platform.
