Bitcoin's Record-Breaking Surge

Bitcoin has been making headlines with its unprecedented surge, briefly surpassing $88,000 per coin following the recent U.S. presidential election. According to Coinbase on November 11, the price of Bitcoin reached $88,413, marking a 10.98% increase from the previous day. Ethereum and Solana also saw significant gains, rising 7.30% and 7.54% respectively.

The cryptocurrency market's reaction to former President Donald Trump's victory has been nothing short of ecstatic. Trump's promise to make the U.S. the world's leading cryptocurrency hub has fueled expectations of a more relaxed regulatory environment, driving Bitcoin's price upwards. Analysts at Hargreaves Lansdown and Citi have noted the largest-ever inflow of funds into Bitcoin and Ethereum ETFs, with net inflows totaling $2.01 billion and $132 million respectively.

As Bitcoin continues its upward trajectory, some analysts are predicting that it could surpass the $100,000 mark by the end of the year. This optimistic outlook is further supported by the market's positive reaction to Trump's pro-cryptocurrency stance, which contrasts sharply with his previous negative views on the industry.