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Bitcoin continues hot streak, surges past $90,000

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Bitcoin, the world’s biggest cryptocurrency by market capitalisation, on Wednesday, crossed $90,000 — continuing a bullish run that began last week.

The price of the digital currency started climbing when Donald Trump, a Republican Party candidate, was announced winner of the US presidential election On November 6. The digital asset reached $75,000 on that day.

Four days later, the cryptocurrency crossed $80,000 and reached $89,000 on November 11.

TheCable observed on Wednesday that the leading cryptocurrency gained over 5.7 percent in the past 24 hours.

The bitcoin price stood at a record $92,573 as at 6pm Nigerian time, according to CoinMarketCap, a price-tracking website for crypto assets.

The cryptocurrency market capitalisation stood at $3.18 trillion — up by 3.5 percent, recording $371.5 billion in 24 hours.

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