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Bitcoin Surpasses $90,000, Jump Fuels Optimism for $100K Next

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Bitcoin, the leading cryptocurrency, reached a significant milestone by surpassing the $90,000 mark, maintaining its upward trajectory since the recent U.S. presidential election. According to Coinbase, a major U.S. cryptocurrency exchange, Bitcoin’s price hit $90,045.35 at 3:55 PM Eastern Time on Tuesday.

This marks a 3.40% increase from the previous day and represents Bitcoin’s first venture above $90,000. However, within two hours, the price retreated to around $88,000.

Bitcoin has been on an upward trend for a week, recording $74,033 on November 5, just after Donald Trump’s election victory.

Former President Trump, the winner of the U.S. election, delivered his victory speech in Palm Beach, Florida, on November 6. / Fox News YouTube

CNBC reports that on the local betting platform Kalshi, 60% of users bet that Bitcoin could reach $100,000 before January next year, while 45% predicted it would cross $100,000 this month. These figures reflect strong confidence in Bitcoin’s continued upward momentum.

Meanwhile, Dogecoin, championed by Elon Musk, saw a substantial surge, rising 17.90% to $0.38 as of 4:55 PM. However, Ethereum, the second-largest cryptocurrency by market cap, dipped 2.17% to $3,287, and Solana fell 2.69% to $213.26.

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