Bitcoin has surged past $90,000 for the first time, driven by a bullish sentiment in the markets following Donald Trump's return as President-elect. The cryptocurrency saw its largest single-day gain on record, with prices more than doubling since the beginning of the year. Currently up 115% in 2024, Bitcoin's market cap exceeded $3.1 trillion, surpassing its November 2021 peak. Analysts attribute this rally to the anticipated deregulation and business-friendly policies expected from Trump's administration, which they believe will foster innovation in the crypto space. Matt Hougan, Chief Investment Officer at Bitwise, predicts Bitcoin could reach $100,000 by year-end and $200,000 by the end of 2025. Despite potential geopolitical and economic risks, market experts suggest the recent election has removed significant overhangs and set the stage for further gains in the cryptocurrency market in the coming months.

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