💨 Abstract

Bitcoin reached $89,637 on Tuesday, surging after Donald Trump's election as U.S. president due to expectations of a crypto-friendly administration. This surge is also observed in Elon Musk's Tesla, crypto mining and trading stocks, and smaller tokens like ether and dogecoin. Investors believe Trump's administration will be beneficial for the crypto industry, leading to increased demand for cryptocurrencies and related stocks.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖