The U.S. dollar surged to a near four-month high as markets anticipate a Trump administration that could bring pro-crypto moves, trade tariffs, and tax cuts. Bitcoin reached a new all-time high of $89,637, with analysts speculating it could hit $100,000 by year-end if the rally holds. Trump’s economic stance, which includes a promise to make the U.S. the “crypto capital,” has dampened Fed rate cut expectations for December, now down to 65% likelihood. With Congress set to support his policies, Trump is already warning the euro bloc and China about hefty tariffs on cars and exports—moves that could keep dollar momentum going strong.