While the trading rally has now paused, analysts predict that bitcoin's value will only continue rising following Trump's win—perhaps even reaching $100,000 by the end of 2024, CNBC reported.

Bitcoin hit another high Monday, as the rally in cryptocurrencies continued following President-elect Donald Trump's election win.

While Wall Street experiences a surge fueled by Donald Trump's presidential victory, investors in India remain focused on the upcoming September quarter earnings reports of domestic companies. These financial results are expected to provide insights into the health of various sectors and could influence market sentiment in the coming days.

Bitcoin surged to a new all-time high of $89,600, nearing the $90,000 mark, driven by speculation about pro-crypto regulatory changes in the U.S. The cryptocurrency saw a 9% increase in the last 24 hours,

Trump was previously a crypto skeptic, but changed his mind and embraced cryptocurrencies during this year's presidential race.