The price of Bitcoin is nearing the $90,000 mark

On Monday, November 11, the cryptocurrency market witnessed a rapid rise in the price of the major cryptocurrency, Bitcoin. Bitcoin was worth just over $81,000 in the morning, but broke several all-time highs during the day.

At the time of publication, the first cryptocurrency broke the $89,500 level, very close to the $90,000 mark, Bitcoin's growth in the past year has exceeded 110%.

Reaching new highs, Bitcoin overtook silver in terms of market capitalization, consolidating its position among global financial assets. Today, it attracts more and more institutional investors and large companies, who view Bitcoin as an effective tool for portfolio diversification and inflation protection.

The increase in the price of Bitcoin is due to the victory of the Republican candidate Donald Trump in the US presidential elections, after which positive expectations arose in the market. The thing is, during his election campaign, Trump talked positively about the digital asset, promising to make the United States the "crypto capital of the planet" and amass a national bitcoin reserve.