en|en|#BTC94KShowdown through $94,000 for the first time and it's getting less volatility

Bitcoin passed $94,000 for the first time following reports that President-elect Donald Trump’s media company could be close to buying a cryptocurrency trading platform. Additionally, earlier this week, several Bitcoin ETFs began trading on the Nasdaq, offering investors a new way to gain exposure to Bitcoin without directly owning the cryptocurrency.

On Wednesday afternoon, the leading cryptocurrency reached an all-time high of $94,891, bringing its market capitalization to a record $1.87 trillion, according to CoinMarketCap.

The recent rally, which has seen Bitcoin add 37% to its value in just one month, could be longer lived as the cryptocurrency becomes less volatile. That’s in large part because of the rise of institutional traders getting in on Bitcoin in recent years, Bobby Zagotta, chief executive of Bitstamp U.S., told MarketWatch.