Bitcoin surged above $98,000 for the first time, driven by investors anticipating a second Donald Trump presidency. Crypto-related stocks, including Coinbase and MicroStrategy, saw significant gains, while bitcoin's rise was fueled by futures market activity and a wave of short liquidations. Analysts suggest the $100,000 milestone could be reached soon, with Trump’s potential policies seen as supportive of the cryptocurrency. A second Trump term could lead to larger budget deficits, higher inflation, and shifts in the dollar's international role, which may boost Bitcoin's price.
