Analysis

Bitcoin is on a tear. Earlier, it crossed $93,000 for the first time in history, spiking up over 3% and setting a new record at $93,469.08.

Bitcoin (BTC) price extends its decline for a second consecutive day on Wednesday, trading slightly down at around $87,600 after a 30% surge since November 5 pushed BTC to a new all-time high at $89,940.

As President-elect Donald Trump prepares to assume office on January 20, there is growing anticipation regarding how his administration will influence the cryptocurrency sector. 

Bitcoin has been on a major upward trajectory, recently hitting an all-time high (ATH) of above $89,000. As this milestone was crossed, a notable trend emerged with short-term holders transferring their holdings to major exchanges, particularly Binance.

Bitcoin (BTC) has performed remarkably over the past week, surging 30% since the November 5 US election.

The Bitcoin price has finally broken out of resistance and is on a journey to the $320,000 threshold, according to a crypto analyst.

TradingKey - Since the U.S. election on November 5, Bitcoin, the largest cryptocurrency, has surged approximately 28%, reaching an all-time high of $89,884 in the early hours of Tuesday, Eastern Time.

Bitcoin (BTC) has been on an all-time-high (ATH) run following the election victory of the Republican US presidential candidate Donald Trump. 

A recent analysis from BaroVirtual, a CryptoQuant analyst, offers a nuanced perspective on the current state of the Bitcoin market.

CoinShares, a leading crypto asset management firm, released its latest “Digital Asset Fund Flows Weekly Report,” highlighting a notable surge in investment inflows following the US elections.

Bitcoin has surpassed silver with a market cap of $1.756 trillion, securing its position as the world’s 8th largest asset, according to Companies Market Cap. The flip happened at least once this year, driven by continued positive sentiment around the spot exchange-traded funds (ETFs) in March.

Polymarket has a hot new pair – the bet on whether BTC reaches $100K.

Bitcoin has shattered its all-time highs once again, reaching a new peak of $79,780. This marks the fourth time in just five days that BTC has set a record high, firmly establishing a bullish phase that began when it broke its previous all-time high in March.

Bitcoin is currently rewriting its all-time high, thanks primarily to the results of the recently concluded US elections and increasing inflows into Bitcoin ETFs. Days before the election, Bitcoin struggled to hold the $70k level, briefly hitting $73k.

Bitcoin searches on Google have risen by 57% in just a day, as BTC price peaked at $80,000 today.

The recent presidential election has sent ripples through the cryptocurrency market, with Bitcoin prices reacting positively to Donald Trump’s victory over Kamala Harris. 

Bitcoin is currently riding the bullish wave in the midst of growing market optimism, which has caused the largest crypto asset to reach a new all-time high.

On-chain data shows the exchanges have just received large stablecoin inflows, something that could end up benefiting the Bitcoin rally. Stablecoin Exchange Inflows Have Spiked Rec

On Thursday, the Federal Reserve announced its decision to cut its benchmark overnight lending rate by 25 basis points to a target range of 4.50%-4.75%, adding to the bullish sentiment surrounding crypto prices. 

Following Trump’s victory in the US presidential election against Vice President Kamala Harris, optimism is surging in the cryptocurrency market. Analysts are now projecting that Bitcoin could reach new heights of $100,000 before the presidential inauguration, which is just over two months away.