OREANDA-NEWS  The bitcoin exchange rate on Monday rose above the $89 thousand mark for the first time and continues to grow, writes MarketWatch.

Bitcoin rose 0.7% to $88,616 by 8:39 Moscow time on Tuesday, according to Coindesk. During trading on Monday, the quotes rose to $89,622. Since the beginning of the year, bitcoin has more than doubled in price, by 28% in the last five sessions.

The growth of bitcoin and other cryptocurrencies was triggered by the victory of Donald Trump in the US presidential election. Trump has publicly spoken out in support of digital assets.

Options market participants are increasing their bets that bitcoin will take the height of $ 100 thousand. by the end of this year, according to the Deribit exchange.

"The question for traders is whether they have the opportunity to participate in this rally, or whether they should wait for a small correction," said Chris Weston, head of research at Pepperstone Group.