Bitcoin (BTC) has surged to $90,000 on Coinbase, marking a significant milestone in the ongoing crypto bull market. Following Donald Trump's recent election victory, there has been a notable increase in investors reallocating to digital assets, driven by expectations of a more cryptocurrency-friendly government. Although BTC briefly retraced to around $85,000, it quickly rebounded, demonstrating strong momentum with a 3.7% increase over the past 24 hours. During this period, nearly $940 million in leveraged trading positions were liquidated, reminiscent of the liquidations seen during the August market crash. This current bullish trend is largely supported by favorable macroeconomic conditions, including easing inflation and solid economic growth. Nathan McCauley, CEO of Anchorage Digital, emphasized that institutional investors are particularly influenced by potential government regulations favoring cryptocurrencies. The market environment is indicative of a strong institutional interest in Bitcoin and other digital assets as they anticipate supportive regulatory developments.

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