Bitcoin surged on Tuesday, hitting a record high of $89,436.1, driven by optimism over potential crypto-friendly policies under Donald Trump's presidency. The rally continued despite a stronger dollar. Altcoins also gained, with Dogecoin rising 42%. Trump's promises of pro-crypto regulations and the idea of a national Bitcoin reserve fueled market enthusiasm, attracting significant investments into Bitcoin-focused ETFs. Mt. Gox’s $2.4 billion Bitcoin move had little impact on the rally, while other cryptos like Ether and XRP also saw gains.
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