Bitcoin "crazy price surge" as it reaches the milestone of 90,000 USD

1. Bitcoin's record increase to over 89,000 USD has pushed the overall value of the cryptocurrency market past the pandemic-era peak. Since the U.S. election on November 5, Bitcoin has risen about 32%, reaching a high of 89,933 USD.

2. Trump has announced he will implement friendlier rules for cryptocurrency assets and the Republican Party is strengthening control over Congress, increasing the chances of pushing his policies. Other promises from Trump include establishing a strategic Bitcoin reserve fund and promoting domestic mining to make the U.S. the global cryptocurrency capital. His stance contrasts with the SEC's crackdown on the cryptocurrency industry under Biden. 3. This change in attitude has spurred both large and small speculative token buying, raising the total value of cryptocurrency assets to about 3.1 trillion USD, according to CoinGecko.

4. Additionally, Bitcoin's current strength signifies gold's weakness.