Bitcoin Rises Above $90,000 as Rally Resumes on Trump Optimism; Canaan Rises 16%

Tiger Newspress11-13

A surge in Bitcoin that paused earlier Wednesday is regaining steam, sending the original cryptocurrency above $90,000 for the first time, as traders assess the remaining market impact of President-elect Donald Trump’s rhetorical support for crypto.

The digital asset is up more than 30% in the wake of Trump’s Nov. 5 election victory, reaching a record of $91,085 at 9:33 a.m. in New York with a more-than 3% gain for the day.

Crypto stocks gained in morning trading. Bitcoin Depot rose 20%; Canaan rose 16%; MicroStrategy rose 6%; Coinbase rose 2.4%.

Trump has pledged to create a friendly regulatory framework for crypto, set up a strategic Bitcoin stockpile and make the US the global hub for the industry. A onetime crypto skeptic, Trump reversed course after digital-asset companies spent heavily during election campaigning to promote their interests.

His stance spread optimism across crypto, lifting the value of the market to an all-time peak. But thorny questions remain about whether Trump and his Republican lawmakers will be focused first on larger matters like China policy and the US economy, pushing digital-asset legislation down the pecking order.

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nywles
11-14
nywles
Thanks

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Bitcoin Depot rose 16%; Canaan ro","content":"<html><head></head><body><p>A surge in Bitcoin that paused earlier Wednesday is regaining steam, sending the original cryptocurrency above $90,000 for the first time, as traders assess the remaining market impact of President-elect Donald Trump’s rhetorical support for crypto.</p><p style=\"text-align: start;\">The digital asset is up more than 30% in the wake of Trump’s Nov. 5 election victory, reaching a record of $91,085 at 9:33 a.m. in New York with a more-than 3% gain for the day.</p><p>Crypto stocks gained in morning trading. Bitcoin Depot rose 20%; Canaan rose 16%; MicroStrategy rose 6%; Coinbase rose 2.4%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/dff3a4049ffb886f6d9f2dd0eb718a9e\" tg-width=\"355\" tg-height=\"292\"/></p><p>Trump has pledged to create a friendly regulatory framework for crypto, set up a strategic Bitcoin stockpile and make the US the global hub for the industry. 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Bitcoin Depot rose 20%; Canaan rose 16%; MicroStrategy rose 6%; Coinbase rose 2.4%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/dff3a4049ffb886f6d9f2dd0eb718a9e\" tg-width=\"355\" tg-height=\"292\"/></p><p>Trump has pledged to create a friendly regulatory framework for crypto, set up a strategic Bitcoin stockpile and make the US the global hub for the industry. A onetime crypto skeptic, Trump reversed course after digital-asset companies spent heavily during election campaigning to promote their interests.</p><p style=\"text-align: start;\">His stance spread optimism across crypto, lifting the value of the market to an all-time peak. But thorny questions remain about whether Trump and his Republican lawmakers will be focused first on larger matters like China policy and the US economy, pushing digital-asset legislation down the pecking order.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSTR":"MicroStrategy Incorporated","BITF":"Bitfarms Ltd.","CLSK":"CleanSpark, Inc.","RIOT":"Riot Platforms","COIN":"Coinbase Global, Inc.","BTBT":"Bit Digital, Inc.","MARA":"Marathon Digital Holdings Inc"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171419976","content_text":"A surge in Bitcoin that paused earlier Wednesday is regaining steam, sending the original cryptocurrency above $90,000 for the first time, as traders assess the remaining market impact of President-elect Donald Trump’s rhetorical support for crypto.The digital asset is up more than 30% in the wake of Trump’s Nov. 5 election victory, reaching a record of $91,085 at 9:33 a.m. in New York with a more-than 3% gain for the day.Crypto stocks gained in morning trading. 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