Bitcoin Price Exceeds $94,000 for First Time

As of 2:38 p.m. GMT, Bitcoin was trading at $94,270 on the largest cryptocurrency trading volume exchange Binance, reflecting a daily increase of 3.04%.

According to CoinMarketCap, which averages prices from over 20 exchanges, Bitcoin's price rose by 3.19% to an average of $94,287 in the last 24 hours.

The Financial Times reported on Monday that Trump Media & Technology Groyp Corp belonging to US President-elect Donald Trump is holding talks to buy cryptocurrency trading venue Bakkt. Analysts noted reports about the deal had a positive impact on the cryptocurrency market dynamics.