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Bitcoin Surpasses $94,000 For The First Time

by THEFUTURE.TEAM

Bitcoin surged to a historic high of over $94,000, fueled by reports that Donald Trump’s media company is negotiating to acquire the crypto trading firm Bakkt. The news has raised optimism for a cryptocurrency-friendly environment under the incoming Trump administration.  

The world’s largest cryptocurrency has more than doubled in value this year, last trading at $92,104 during Wednesday’s Asian session after hitting $94,078 late the previous day.  

According to *The Financial Times*, Trump Media and Technology Group, the operator of Truth Social, is nearing an all-stock deal to acquire Bakkt, a firm backed by Intercontinental Exchange, the owner of the New York Stock Exchange.  

Tony Sycamore, a market analyst at IG, credited Bitcoin’s new record to the Trump deal reports and the first day of options trading on the Nasdaq for BlackRock’s Bitcoin ETF.  

Cryptocurrencies have been rallying since the U.S. election on November 5, as traders anticipate a more relaxed regulatory approach under President-elect Trump. This has injected new momentum into Bitcoin following months of stagnation.  

The excitement has propelled the global cryptocurrency market’s value to an all-time high of over $3 trillion, according to CoinGecko.  

Chris Weston, head of research at Australian broker Pepperstone, noted strong buying pressure for Bitcoin, adding, “Another kick higher should bring in fresh interest from those who chase strength.”

Bitcoin Surges 23% In A Week As Investor Optimism Returns

by News Editor

Bitcoin was on track for a weekly gain of around 23% on Friday as a series of positive macroeconomic and policy developments boosted investor sentiment.

The cryptocurrency was trading about 6% higher at roughly $77,000, up from around $62,800 at the start of the week. Crypto-related stocks also rallied, with Coinbase and Circle gaining more than 9%, while Strategy rose 7%.

Macro Factors Fuel Rally

Bitcoin’s latest surge began Wednesday after Treasury yields fell sharply following a major intervention by the U.S. Treasury in the bond market. Lower yields eased pressure on risk assets and helped trigger a broader move into cryptocurrencies.

The rally was further amplified by a major short squeeze. Around $2.7 billion in crypto short positions were liquidated, according to CoinGlass.

Max Stuedlein, head of Partnerships at Sygnum APAC, said the move reflected an alignment of macroeconomic and policy catalysts, including the Treasury’s decision to increase buybacks of longer-dated government debt.

Clarity Act Boosts Sentiment

Investor confidence improved further on Thursday as the White House and crypto industry leaders made a final push to advance the Clarity Act in the coming weeks.

The legislation is widely viewed as a potential catalyst for the crypto market, although its chances of passing remain relatively limited.

Despite the rally, bitcoin remains well below its 2026 high of $94,820 reached in January and its all-time high of $126,198, set last October.

Analysts See More Volatility Ahead

Lucy Gazmararian, founder and managing partner at Token Bay Capital, said the crypto market may be approaching the end of its bear cycle.

She expects bitcoin could experience one more decline of around 20% before the market turns, pointing to historical cycles and the recent liquidation of heavily leveraged short positions.

Gazmararian also described bitcoin as a long-term hedge against monetary debasement, while warning that its short-term price remains highly volatile and driven by market cycles.

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