TOKYO -- The recent bitcoin surge spurred by Donald Trump's election victory is "different" from the previous hype surrounding cryptocurrencies -- and its impact is spreading across Asia, say industry analysts.
Bitcoin has rallied to historic highs, rising above $99,000 on Nov. 22, a jump of around 50% since Trump's reelection on Nov. 5 and more than doubling for the year to date. Meanwhile, the U.S. president-elect's social media company is currently closing in on a purchase of crypto trading venue Bakkt, the Financial Times reported Tuesday.
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