Bitcoin Edges Closer to $90,000 After Hitting Yet Another High

Bitcoin edged closer to $90,000 on Tuesday after soaring to yet another high of $89,640 during early-morning trade as investors continue to bet big on Donald Trump’s return to the Oval Office following his convincing victory in the US elections last week. The market has gained around $8,600 or 11 percent in the past 24 hours and investors are confident that the flagship cryptocurrency will hit the sought-after $100,000 level in the coming days. At 9:30 AM today, the flagship cryptocurrency was up 8 percent, trading around $88,200. BTC is on a new price discovery voyage which began last week. The current sentiments are expected to persist for the remainder of the ongoing calendar year. Ethereum is up by 4.8 percent at $3,337. Solana rose nearly 5.56 percent and the token linked to decentralized finance project Polygon gained around 3 percent. Dogecoin is up 25 percent.