Bitcoin surpassed $99,000 for the first time Thursday, driven by hopes of favorable crypto policies under a potential second Trump presidency. It hit a peak of $99,046.94 earlier in the day. Investors shifted away from tech and crypto stocks, leading to a decline in Coinbase and a drop in MicroStrategy. Most mining stocks fell, while Mara Holdings rose. The surge was fueled by increased futures activity and short liquidations, exceeding $100 million in 24 hours. Analysts speculate Bitcoin may consolidate or push higher, potentially testing $100,000 soon.
