The world's leading cryptocurrency, Bitcoin, has hit a new all-time high of $95,672. This significant rise follows a 3.55% price increase over the past 24 hours.
Bitcoin's New Record
For the first time on November 20, Bitcoin exceeded the $95,000 mark. This milestone is part of a larger trend, with the price increasing 42% from $67,400 a month ago and surging by 154% over the past year.
Factors Behind the Price Surge
One of the key factors for the price surge was the U.S. election results, where Donald Trump's victory and his pro-crypto regulations have sparked positive sentiment in the market. His appointments include crypto advocates like Elon Musk and Robert F. Kennedy Jr. Additionally, new ETF trading options like BlackRock's IBIT, which reached $1.9 billion, have boosted prices.
Future Price Predictions
Michael Saylor from MicroStrategy expressed confidence in reaching $100,000 by the end of the year. Beyond this, Bernstein Research projects further growth to $200,000 by 2025 due to rising institutional demand.
Analysts believe that Bitcoin's potential for price growth remains robust, especially with the emergence of new trading options and increased institutional interest. The next immediate target is the psychological $100,000 level.
