Bitcoin briefly reached a record high of $93,462, driven by expectations of interest-rate reductions and President-elect Trump's support for cryptocurrency.
Speculators are uncertain if Bitcoin's rally will continue, potentially reaching $100,000, or if profit-taking will occur after a 34% advance since the US election.
US inflation data meeting projections has increased expectations of another rate cut by the Federal Reserve in December, but Trump's tax cuts and trade tariffs add uncertainty to the future.
Questions remain about the feasibility and timeline of Trump's promises to create a friendly regulatory framework for crypto and establish a strategic Bitcoin stockpile.