Bitcoin Surges 6.8% to $87,600 Amid Hopes of Reaching $100,000 Mark

Bitcoin's price has experienced a 6.8% increase to $87,600 in the last 24 hours, with Ethereum also seeing a 3.3% rise. Other altcoins, including Dogecoin, have also seen gains, with the latter experiencing a 35.1% increase. While Trump's election victory may have played a role in the short-term, insiders believe that broader trends such as a post-halving supply squeeze and favorable macroeconomic developments are the true long-term drivers behind Bitcoin's rise. Analysts predict that Bitcoin could surpass $100,000, particularly in the historically strong months of October and November.