Bitcoin, the worlds biggest and best-known cryptocurrency, has more than doubled this year. It was last at 92 104 in Asian hours on Wednesday, having touched a record high 94 078 earlier.
The Financial Times, citing two people with knowledge of the situation, said Trump Media and Technology Group, which operates Truth Social, is close to an all-stock acquisition of Bakkt, which is backed by New York Stock Exchange owner Intercontinental Exchange.
Tony Sycamore, market analyst at IG, said bitcoins rise to a record high was supported by the Trump deal talk report as well as traders taking advantage of the first day of options trading on the Nasdaq over BlackRocks bitcoin ETF.
Cryptocurrencies have soared since the 5 November US election as traders bet Trumps promised support for digital assets will lead to a less restrictive regulatory regime and inject some life back into bitcoin.
