Bitcoin advanced past $94,000 on Wednesday for the first time as traders continued to monitor President-elect Donald Trump's transition back to the White House and weighed early options trading on bitcoin ETFs.
The price of the cryptocurrency was last higher by more than 1% at $94,804.40, according to Coin Metrics.
Earlier, it traded as high as $94,942.00.
Meanwhile, MicroStrategy jumped 8%, bringing its week-to-date gains to 36%.
Bitcoin has been regularly hitting fresh records since the election, though in smaller increments since the postelection rally faded last week, on hopes that Trump will usher in a crypto-friendly era for the industry that includes a more supportive regulation and a potential national strategic bitcoin reserve or stockpile.
Persons:
Bitcoin, Donald Trump's, MicroStrategy, Trump
Organizations:
White, Metrics