Bitcoin, as the largest and most well-known cryptocurrency in the world, has increased by more than double this year. As of the time of writing, it is priced at $92,057, having earlier reached a record high of $94,057. Since the U.S. elections on November 5, the price of Bitcoin has been on a rapid rise, as traders believe that President-elect Trump’s commitment to supporting digital assets will lead to reduced regulatory constraints and invigorate cryptocurrencies like Bitcoin.

Currently, Bitcoin is in a relatively tense state, with not much volatility, but it is gradually rising. Newcomers are advised against making moves at this time, and it may be wise to hold steady.

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