Bitcoin All-Time High: There is a lot of activity in the cryptocurrency market today and bitcoin has reached its all-time high level. On Wednesday, November 20, bitcoin has reached $ 94,000 per coin. The reason behind this is once again the signals coming from the newly elected US President Donald Trump. It is being told that Donald Trump's media company is considering buying the crypto firm Bakkt.

Bitcoin rates crossed 94 thousand dollars for the first time

Bitcoin rates have crossed $94,000 for the first time and due to this the total market value of the cryptocurrency market has reached above $3 trillion. The vast business opportunities for cryptocurrency in the US and the future support from Trump's administration are also considered to be a major reason for this.

Reports of Trump's media company buying cryptocurrency firm

Recently, news has come that the social media company of the next US President Trump is in talks to buy the crypto trading firm Bakkt. On November 20, quoting Reuters, it has been reported that in the second term of Donald Trump, a crypto-friendly administration will be seen across the country from the White House or a supportive attitude from the US administration for cryptocurrency. 

Why is there a surge in the price of bitcoin

On the basis of this news, a good environment seems to be developing for the cryptocurrency market and the leading crypto bitcoin. Banket, which is mainly backed by Intercontinental Exchange, the owner of the New York Stock Exchange, is getting strong support in the field of bitcoin ETF.  

Bitcoin rates more than doubled in 2024

So far in the year 2024, the rate of Bitcoin, the number one cryptocurrency in the world, has seen a jump of more than double. Its trade yesterday was at $ 92,104, which has come down to $ 94,078 i.e. $ 94,078 per token in the early Asian trade on November 20.