Singapore November 12 2024: Bitcoin stood on the verge of $90,000 on Tuesday, riding a wave of euphoria since the election of Donald Trump as U.S. president on expectations his administration will be crypto friendly.
The world’s biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and touched $89,637 in Asia – a gain of more than 25% since Nov. 5.
It is surging along with Elon Musk’s automaker Tesla (TSLA.O), which is up nearly 40% since voting results rolled in as investors figure Trump’s friends and interests will do well while he is in office.
