Bitcoin conquers the milestone of 94,000 USD

The price of Bitcoin reached a record high on November 20, continuing a strong upward trend since Donald Trump's victory in the U.S. presidential election.

According to income data, this cryptocurrency has risen to a high of 94,000 USD, breaking the previous record of over 93,000 USD last week.

Bitcoin has surged since Trump's election, increasing nearly 35% from around 70,000 USD on election night. Optimistic investors believe that the incoming president's support for cryptocurrencies will create favorable policies for this asset class, especially as the Republican Party gains control of both chambers.