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Bitcoin breaches $94,000 for the first time

Reuters

Bitcoin has risen to a record high above $94,000 amid a report that US President-elect Donald Trump's social media company was in talks to buy crypto trading firm Bakkt. This has further fueled hopes of a crypto-friendly regime under incoming administration. 

Bitcoin, the world's biggest and best-known cryptocurrency, has more than doubled this year. It was last at $92,104 in Asian hours today having touched a record high $94,078 just toward the end of the previous session.