Bitcoin has set a new price record of $97 thousand
Kyiv • UNN
Bitcoin hit an all-time high of $97,792 amid the launch of spot ETF options and expectations for Trump. Most altcoins showed limited growth, with ETH up only 0.1%.
On Thursday, bitcoin hit a new all-time high, continuing its recent growth thanks to optimistic sentiment in the crypto markets. This is due to expectations of more favorable regulation by Donald Trump. UNN writes about this with reference to Investing.
Details
The launch of options on bitcoin's spot exchange-traded fund also contributed to an influx of speculative trading, pushing the price to a record high of $97,792.6. Later, bitcoin dropped slightly to $96 ,909.
Despite bitcoin's dominance, most of the major altcoins remained in the flat-low range, and their growth slowed over the past week.
The main driver of bitcoin's growth was the optimism associated with Donald Trump's victory in the 2024 presidential election. Analysts believe that the $100,000 mark may be reached in the near future if the price momentum continues. At the same time, the cryptocurrency is approaching the overbought zone, which increases the risk of correction, especially if traders start taking profits.
Prices for most cryptocurrencies are lagging behind bitcoin's growth. Ether is up only 0.1% to $3 111, while Dogecoin, despite its popularity, is down 1% to $0.383335. XRP, SOL, ADA, and MATIC are up 0.6%-3%, but are showing limited growth this week.
Recall
Just last night, bitcoin updated its historical record, reaching a price of more than $95,000 on Asian stock exchanges.
