Bitcoin has soared past $90,000, marking a new all-time high just days after Donald Trump’s election win. The milestone is part of a record-breaking surge across the crypto market, with Bitcoin climbing 11% over the past 24 hours alone. As of Nov. 12, Bitcoin is just over 11% away from reaching the highly anticipated $100,000 mark.
Analysts had predicted a potential six-figure Bitcoin price if Trump, known for his pro-crypto stance, won the presidency. Since the Nov. 5 election, Bitcoin has gained nearly 30%, spurring rallies across both crypto and traditional markets. Shares of Coinbase, one of the largest U.S.-based crypto exchanges, have surged approximately 75% since the market opened post-election, closing at $324.24 on Nov. 11.
Crypto mining companies have also seen substantial gains. Marathon Digital Holdings jumped nearly 30% on Nov. 11, while CleanSpark and Hut 8 both reported over 25% increases. The broader stock market reflected this optimism, with the S&P 500, which tracks the 500 largest U.S. companies, rising 4.25% since Election Day and reaching a new high of $6,000 on Nov. 11.
Altcoins have followed suit, with Solana (SOL) surging 35% since Nov. 5. On Nov. 11, Solana reached $222, its highest price since December 2021, amid widespread growth across the crypto market.
With Trump’s win fueling a wave of optimism, the crypto market is showing no signs of slowing down. Bitcoin’s path to $100,000 now seems within reach, driven by renewed investor interest and positive sentiment across the board.
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