Bitcoin Soars to Record High of $95,000 Amid Market Optimism

Bitcoin experienced a significant surge during trading on Wednesday, reaching a new record high close to $95,000. This rally was fueled by growing demand, driven by widespread optimism regarding the future of cryptocurrencies under the new U.S. administration.

This surge coincided with mounting expectations that Bitcoin could surpass the $100,000 mark in the near future, especially after MicroStrategy's announcement of plans to raise $2.6 billion through bond sales to fund additional Bitcoin purchases.

The positive sentiment surrounding Bitcoin was further bolstered by remarks from MicroStrategy's CEO, Michael Saylor, who emphasized the company's goal of convincing Microsoft to add Bitcoin to its financial reserves. Saylor argued that such a move would enhance Microsoft’s stability and reduce potential risks.

Additionally, market sentiment was strongly supported by the commencement of options trading on the iShares Bitcoin Trust, managed by BlackRock, which began this past Tuesday. Notably, about 98% of all options traded were buy orders for Bitcoin, signaling a strong bullish outlook for the cryptocurrency.

On the trading front, Bitcoin surged by 3.27% in the past 24 hours, reaching $94,532, marking its highest level to date, according to data from CoinMarketCap.

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