Bitcoin price rises above $84,000 as investors bet incoming US government will implement crypto-friendly policies
Bitcoin has more than doubled in price from about $37,000 a year ago.
Donald Trump spoke positively about cryptocurrencies during his election campaign, suggesting creating a "strategic national Bitcoin stockpile".
Investors are optimistic that incoming US government will cut business taxes and relax regulations, leading to a market rally in stocks like Coinbase, Binance, Microstrategy, Nvidia, and Tesla.