Bitcoin Breaks Record, Surpassing $90,000 Mark

The leading cryptocurrency, Bitcoin, has reached an all-time high, surpassing the $90,000 mark for the first time ever. This surge follows Donald Trump's victory in the recent U.S. presidential election, with many speculating that Bitcoin could reach $100,000 by the end of the year.

According to cryptocurrency exchange Coinbase, Bitcoin was trading at $90,045.35 as of 3:55 p.m. Eastern Time on November 12, marking a 3.40 percent increase from the previous day.

Mike Colonnese, an analyst at U.S. investment bank H.C. Wainwright & Co., commented:

"Bitcoin has been hitting record highs since Trump's victory and is now in price discovery mode. The strong buying trend is expected to continue through the end of the year, potentially reaching $100,000."

U.S. media outlet CNBC reported that 60 percent of users on the platform Kalshi, which allows bets on major events, predicted that Bitcoin would reach $100,000 before January next year, while 45 percent expected it could reach that level within this month.