<p>Bitcoin charged past the $90,000 level on Wednesday, as its relentless rally showed no signs of easing on expectations that Donald Trump as U.S. president and his administration will be a boon for cryptocurrencies.</p><p>The world's biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and touched $91,110 - a record high. It was last up 3 per cent at $91,016, marking a 32 per cent rise since the Nov. 5 election.</p><p>Smaller peer ether has similarly soared 37 per cent since election day, while Dogecoin, an alternative token, promoted by billionaire Trump-ally Elon Musk was up more than 150 per cent as the bitcoin frenzy extended across the crypto landscape.</p><p>Trump embraced digital assets during his campaign, promising to make the United States the "crypto capital of the planet" and to accumulate a national stockpile of bitcoin.</p><p>It is not clear how or when that could happen but the possibility drove a speculative surge in crypto mining and trading stocks.</p><p>Software company and investor in bitcoin MicroStrategy announced it had spent about $2 billion buying bitcoin between Oct 31 and Nov 10. Shares scaled a record high on Tuesday.</p>.Dogecoin outperforms Bitcoin as Trump spurs crypto speculation.<p>Crypto investors see an end to increased scrutiny under US Securities and Exchange Commission Chair Gary Gensler, whom Trump has said he will replace. Trump also unveiled a new crypto business, World Liberty Financial, in September.</p><p>"Key areas to monitor include potential regulatory changes, increased institutional participation, and a rise in M&A activity," said Carl Szantyr, managing partner of digital asset hedge fund Blockstone Capital.</p><p>"The new political landscape may bring clearer regulations for crypto assets and could prompt strategic developments, such as a national bitcoin reserve and growth in the mining sector.</p>
<p>Bitcoin charged past the $90,000 level on Wednesday, as its relentless rally showed no signs of easing on expectations that Donald Trump as U.S. president and his administration will be a boon for cryptocurrencies.</p><p>The world's biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and touched $91,110 - a record high. It was last up 3 per cent at $91,016, marking a 32 per cent rise since the Nov. 5 election.</p><p>Smaller peer ether has similarly soared 37 per cent since election day, while Dogecoin, an alternative token, promoted by billionaire Trump-ally Elon Musk was up more than 150 per cent as the bitcoin frenzy extended across the crypto landscape.</p><p>Trump embraced digital assets during his campaign, promising to make the United States the "crypto capital of the planet" and to accumulate a national stockpile of bitcoin.</p><p>It is not clear how or when that could happen but the possibility drove a speculative surge in crypto mining and trading stocks.</p><p>Software company and investor in bitcoin MicroStrategy announced it had spent about $2 billion buying bitcoin between Oct 31 and Nov 10. Shares scaled a record high on Tuesday.</p>.Dogecoin outperforms Bitcoin as Trump spurs crypto speculation.<p>Crypto investors see an end to increased scrutiny under US Securities and Exchange Commission Chair Gary Gensler, whom Trump has said he will replace. Trump also unveiled a new crypto business, World Liberty Financial, in September.</p><p>"Key areas to monitor include potential regulatory changes, increased institutional participation, and a rise in M&A activity," said Carl Szantyr, managing partner of digital asset hedge fund Blockstone Capital.</p><p>"The new political landscape may bring clearer regulations for crypto assets and could prompt strategic developments, such as a national bitcoin reserve and growth in the mining sector.</p>