Bitcoin Surges Past $94,000 As Trump Media Eyes Trading Platform Bakkt

Benzinga 2024-11-20

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Bitcoin hit a record high of over $94,000 amid reports of Trump Media & Technology Group’s potential acquisition of crypto firm Bakkt. Traders are optimistic about a pro-crypto regulatory stance under Trump’s administration, fueling market gains. Cryptocurrencies have soared since the U.S. election, with the global crypto market surpassing $3 trillion. U.S. spot Bitcoin ETFs attracted over $4 billion in inflows post-election, signaling heightened interest in digital assets. Analysts expect continued momentum in Bitcoin trading and options markets.

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