Newscenter Media News For the third consecutive day, Bitcoin, the world’s largest cryptocurrency by market capitalisation, has surged to a fresh record high of $89,000.
The price of the cryptocurrency traded 9.6 per cent higher on Tuesday morning, reaching $89,360, according to data obtained from coinmarketcap.com.
The digital currency has continued to rally since the conclusion of the United States presidential election.
Bitcoin started climbing on November 6, when Donald Trump, a Republican Party candidate, won the US presidential election. The digital asset reached $75,000 on that day.
READ ALSO: Bitcoin sets new record, hits $81,000, surpasses $1.6 trillion market cap
Since the US elections, bitcoin has seen a bullish run, with the crypto market adding nearly $500 billion to its total value in less than a week.
The total cryptocurrency market capitalisation currently stands at $3.16 trillion.
Ethereum, the second-largest cryptocurrency by market capitalisation, also surged to $3,392 on Wednesday — up from the $3,220 traded on Sunday.
By: Babajide Okeowo
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