Bitcoin (BTC) is experiencing significant momentum, trading above $95,900 for the first time, just under 6% away from the landmark $100,000 mark. This rally is largely attributed to the recent Republican electoral victory, which has energized traders and resulted in a 30% price increase over the past two weeks. The favorable market sentiment is further supported by a pro-crypto stance from the new U.S. government and recent Federal Reserve rate cuts. Additionally, the introduction of BlackRock's IBIT options, which enable trading based on Bitcoin prices, has seen a strong debut with an impressive trading volume and a bullish call-to-put ratio. Analysts project Bitcoin's value could reach as high as $200,000 in the coming months, reflecting growing institutional confidence in Bitcoin as a mainstream financial asset. This Bitcoin surge is part of a broader market trend known as the 'Trump trade,' benefiting multiple asset classes since the election results.

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