Bitcoin surged past $95,000 for the first time on Thursday, driven by optimism around President-elect Donald Trump’s crypto-friendly promises. Traders anticipate further gains, with the digital asset expected to reach $100,000 soon.

BulletsIn

• Bitcoin reached $95,004.50 in early Asian trading, setting a new all-time high.
• Price rose nearly 40% since Donald Trump’s election as President earlier this month.
• Trump pledged to make the US a global hub for Bitcoin and cryptocurrency.
• Tycoon plans to appoint Elon Musk to lead a government waste audit.
• Traders expect Trump’s administration to ease crypto regulations significantly.
• Speculation around a crypto-friendly era fuels Bitcoin’s rapid climb.
• Analysts predict the digital currency may cross the $100,000 mark soon.
• Bitcoin’s valuation increase highlights growing confidence in its adoption under new policies.