Trump Media group reportedly in talks to buy crypto marketplace Bakkt as bitcoin approaches $100K

Group 1: TMTG and Bakkt Acquisition - Trump Media and Technology Group (TMTG) is in advanced talks to purchase cryptocurrency exchange Bakkt, with an all-share purchase being finalized [1] - Bakkt acknowledged the rumors regarding the potential transaction but refrained from commenting on market speculation [2] - A TMTG acquisition of Bakkt would strengthen Trump's involvement in the cryptocurrency industry, which he has supported during his presidential campaign [5] Group 2: Market Reactions and Cryptocurrency Performance - Bakkt's shares surged 162.5% following the news of the potential acquisition, with an additional 14.8% increase in premarket trading [2] - TMTG shares rose 16.7% on the day of the report but fell over 7% in afternoon trading the following day [4] - Bitcoin's price increased over 32% since November 5, reaching an all-time high of more than $93,000, driven by expectations of a favorable regulatory environment under Trump's administration [6] - The total cryptocurrency market value reached an all-time high of$3.16 trillion, with derivatives open interest exceeding $102 billion [7]