Today, Bitcoin’s trade price reached a new all-time high of $79,800, with the current price hovering around $79,000. In the last 24 hours, Bitcoin’s price surged by 3.5%.
In the same timeframe, Ethereum (ETH) also experienced a rise of 5%, with its current trade price at $3,188.
Bitcoin’s price has climbed nearly 16% over the past week, with a significant pump following Donald Trump’s victory in the U.S. presidential election. While many attribute this rally to Trump’s win, some argue that Bitcoin’s bull run operates independently of real-world events. They point to the regular cycles of sharp gains that tend to occur every 3-4 years.
It was previously reported that on November 8, Bitcoin spot ETFs recorded a total net inflow of $293 million, following an inflow of nearly $1.4 billion on November 7.
Crypto price analyst Ali commented on the current bull run, indicating that he plans to increase his Bitcoin investment if Bitcoin experiences a correction, with a target range of $71,500 to $69,000 as a safety measure. He also predicted a possible dip to around $73,000.
Another prominent crypto analyst, Titan of Crypto, expressed enthusiasm about this bull phase of Bitcoin, calling it the moment long-awaited by many in the crypto community, suggesting that Bitcoin’s upward trend is far from over.
Read also: World-famous financial guru Kiyosaki reveals his Bitcoin (BTC) trading strategy
Bitcoin (BTC) Soars to Record High of $79,800 – Is the Milestone $100K Mark Just Days Away?
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Benson Toti
Benson Toti
Benson Toti