Bitcoin hits record high above $93,800 as Trump rally resumes [Yahoo! Finance Canada]
Trump Media & Technology Group Corp. (DJT)
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Source: Yahoo! Finance Canada
Bitcoin ( BTC-USD ) jumped to a record high on Tuesday, trading north of $93,800 per token as the cryptocurrency's post-election gains resumed. Bitcoin prices held steady over the weekend around $91,000 after last week's surge sent prices for the world's largest cryptocurrency above $80,000 and then $90,000 for the first time. Bitcoin USD (BTC-USD) Bitcoin has been a key component of the "Trump trade," as president-elect Donald Trump has promised to explore crypto-friendly policies, including the creation of a bitcoin national stockpile. Bitcoin spot ETFs have also seen massive inflows in recent weeks. As Yahoo Finance's David Hollerith reported earlier this week , BlackRock's spot bitcoin ETF ( IBIT ) saw its assets rise by $13 billion in the wake of Trump's win on Nov. 5, according to Yahoo Finance data. This pushed assets in the iShares Bitcoin Trust past $40 billion just 10 months following its launch. Options tied to IBIT also began trading on the Nasdaq on Tuesday,
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