Bitcoin reached a new all-time high in Asian markets, sparking excitement among analysts and investors.
Bitcoin Surpasses Silver – What Next?
Bitcoin's market cap has reached $1.74 trillion, surpassing silver. The next goal—it might overtake Saudi Aramco at $1.827 trillion. Amid this rise, companies like Apple and Microsoft show mixed results, while Tesla benefits from its BTC holdings.
Election Upset Spurs BTC Frenzy
Bitcoin's surge may be linked to former President Donald Trump winning the US presidential election. Investors could be using BTC as a hedge against uncertainty as gold has fallen nearly 3%.
Institutional FOMO Kicks In with Bitcoin ETF
Major institutional players show interest in BTC. BlackRock's Bitcoin ETF saw $1 billion in trades right after the election, indicating strong interest from large investors.
The big question now is whether Bitcoin will continue its rise or face a correction, with BTC's Relative Strength Index at 84.56 indicating a potential pullback.
