Bitcoin nears record high of $90,000: Speculation on pro-crypto US regulatory shifts fuel surge


Bitcoin has surged to $89,500, nearing the $90,000 mark, driven by speculation of pro-crypto regulatory changes in the U.S. following recent election results.

Potential appointments of crypto-friendly figures like Mark Uyeda and Paul Atkins could ease regulatory pressures, fueling investor optimism. Increased trading volume in BlackRock's Bitcoin ETF and gains in other cryptocurrencies, such as Ethereum and Solana, have boosted market confidence.

Some analysts predict Bitcoin could reach $100,000 by year-end if these regulatory shifts materialize.

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