#BitcoinETFOptions Bitcoin rises to fresh record above $94,000 as investors watch Trump transition, ETF options

Bitcoin advanced past $94,000 on Wednesday for the first time as traders continued to monitor President-elect Donald Trump's transition back to the White House and weighed early options trading on bitcoin exchange-traded funds.

The price of the cryptocurrency was last higher by more than 1% at $94,804.40, according to Coin Metrics. Earlier, it traded as high as $94,942.00.

Coinbase shares rose 2%. Meanwhile, MicroStrategy jumped 8%, bringing its week-to-date gains to 36%.

Bitcoin has been regularly hitting fresh records since the election, though in smaller increments since the postelection rally faded last week, on hopes that Trump will usher in a crypto-friendly era for the industry that includes more supportive regulation and a potential national strategic bitcoin reserve or stockpile.#BTC93KNewATH #MEMEalpha $BTC