Bitcoin has notched another major milestone, topping $90,000 for the first time following the election of Donald Trump as the next US president.
Bitcoin pushes past $90K amid meteoric 24-hour rally
Bitcoin has notched another major milestone, topping $90,000 for the first time following the election of Donald Trump as the next US president.
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The price of Bitcoin has just crossed $90,000, the latest milestone in a record-breaking rally since Donald Trump won the 2024 United States presidential election.
Bitcoin (BTC) hit a peak of $90,000 on Coinbase at 12:56 PST on Nov. 12 and is up 11% over the past day, per TradingView data.
The cryptocurrency is now just over 11% away from reaching $100,000.
Bitcoin surpasses 90K trading price. Source: Coinbase
Analysts had predicted Bitcoin could hit six figures if Trump took the White House after featuring pro-crypto messaging throughout his campaign.
Since the Nov. 5 US election, Bitcoin has gained about 30%, alongside a broader rally in crypto and stock markets.
Shares of crypto exchange Coinbase have soared around 75% to a nearly three-year high since the Nov. 5 opening bell. It closed at a nearly 20% gain alone on Nov. 11 at $324.24, per Google Finance.
US-based crypto miners like Marathon Digital Holdings saw a nearly 30% rally on Nov. 11, while other firms, including CleanSpark and Hut 8, gained over 25% that day.
The S&P 500, which tracks the largest 500 US companies, has surged 4.25% since election day and topped $6,000 for the first time on Nov. 11.
Meanwhile, major altcoin Solana (SOL) has surged 35% since Nov. 5, reaching its highest level since December 2021 at $222 on Nov. 11 amid widespread gains in the crypto market.