Bitcoin Surges Past $93,000 Amid Post-Election Gains and Inflation Concerns

Bitcoin surged above $93,000 for the first time, driven by a postelection rally and October inflation data showing a 0.2% increase, aligning with expectations. The cryptocurrency is viewed as a hedge against potential inflationary fiscal policies. Other cryptocurrencies like Ether and Solana also saw gains, while Dogecoin rose 3%, partly due to Elon Musk's involvement in President-elect Donald Trump's campaign.