Bitcoin Hits Multiple All-Time Highs, Surging to $89,000

Last night, cryptocurrency holders watched as Bitcoin's value skyrocketed. The coin repeatedly broke its own historical record, rising by over 9%. At the time of writing, a single Bitcoin is priced at $89,500.

Just last week, Bitcoin was valued at $69,000. This sharp increase is attributed to Donald Trump's victory in the U.S. presidential election. The politician has been supportive of cryptocurrencies, promising to ease regulations across the sector and transform the country into a global crypto powerhouse.

Some investors speculate that the race for profit isn't over yet and predict that Bitcoin could exceed $100,000 by the year's end.