Bitcoin (BTC) skyrocketed to a historic peak above $94,000 on Tuesday following reports of potential talks between Donald Trump’s Trump Media and Technology Group (DJT) and crypto trading platform Bakkt (BKKT).

This development has fueled optimism about a pro-crypto stance under a possible Trump administration, sparking speculation about favorable regulatory policies.

Adding further momentum, BlackRock’s iShares Bitcoin Trust ETF (IBIT) launched options trading on Nasdaq, generating a staggering $1.9 billion in exposure on its opening day.

As a result, the global cryptocurrency market capitalization surged beyond an unprecedented $3 trillion, as per CoinMarketCap. At the time of writing on Wednesday, BTC was trading at $93,113.

The post Bitcoin Hits Record High: $94,000 Amid Rumored Trump Media Deal with Bakkt appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.