MOSCOW, November 21. /TASS/. Bitcoin has reached another historic high, rising above $97,000, according to the Binance platform.

As of 7:56 a.m. Moscow time (4:56 a.m. GMT), the cryptocurrency went up by 5.78% to $97,476. Bitcoin stood at $97,480 at 8:12 a.m. Moscow time (+5,93%).

Experts told TASS earlier that Bitcoin could easily pass the $100,000 mark in the coming days and continue rising, up to the $300,000 level.

According to analysts, there are several reasons behind the increase in cryptocurrency prices. The reasons particularly include US President-elect Donald Trump’s ambitious plans to turn the United States into a global cryptocurrency hub and review the US Securities and Exchange Commission’s regulatory policies.

Another reason why cryptocurrencies attract investors is because Bitcoin and Stablecoin are seen as potential defensive assets during geopolitical crises.