Bitcoin surged past $94,000 on Wednesday morning (PKT). It briefly reached $94,041 before settling at $93,197 by 1 PM. This jump marked a 1.75% increase in value.
Meanwhile, optimism grew in the cryptocurrency market after Donald Trump returned as U.S. President. Analysts linked this event to rising confidence in Bitcoin and other alternative investments.
Moreover, Bitcoin‘s market cap now stands at $1.96 trillion. Nearly 19.78 million BTC are in circulation. As a result, the $100,000 milestone seems closer than ever.
Additionally, institutional investors continue driving demand. Large companies and financial firms increasingly consider Bitcoin a reliable asset. Many also see it as protection against inflation and economic uncertainty.
Thus, Bitcoin’s value remains on the rise. Experts believe the $100,000 mark could happen soon. For now, Bitcoin dominates the cryptocurrency world and reshapes global finance.
