It has taken bitcoin less than seven days to break its all-time high (again) and chart a new one of just shy of $94,000.<\/p>\n
This has put its market capitalization to around $1.850 trillion, which makes it the seventh-largest asset by that metric in the world.<\/p>\n
<\/a>Bitcoin\/Price\/Chart 19.11.24. Source: TradingView<\/p>\n The primary cryptocurrency went on a tear after the United States elected Donald Trump to be its next president on November 5. At the time, the asset traded around $68,000 but skyrocketed to $75,000 on the same day.<\/p>\n The rally continued the following week, and it peaked at $93,477 last Wednesday. Since then, bitcoin entered a consolidation phase, and it even dropped below $87,000 amid some profit-taking, especially from miners<\/a>.<\/p>\n However, it didn\u2019t stay there long and started another leg up at the beginning of the current business week, which pushed it to over $92,000 on a couple of occasions. After a few rejections<\/a>, it pushed past that line and climbed above $93,000 earlier today.<\/p>\n The bulls kept the pressure on the gas pedal, and BTC skyrocketed to just under $94,000 (on Bitstamp) minutes ago to record a fresh peak. Consequently, the speculations about a run toward $100,000 have gone rampant<\/a>.<\/p>\n This comes amid multiple large purchases<\/a> from MicroStrategy as well as a few more modest ones<\/a> from other companies like Metaplanet.<\/p>\n BTC\u2019s current market cap of $1.850 trillion solidifies<\/a> its position as the seventh-largest asset in the world, and it is closing the gap to Alphabet ($2.150 trillion) and Amazon ($2.160 trillion).<\/p>\n With this surge, BTC has left roughly $70 million in short liquidations, while the total value of wrecked positions on a daily scale has risen to nearly $300 million.<\/p>\n The post Bitcoin (BTC) Charts New All-Time High Close to $94K as Bull Rally Resumes<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" It has taken bitcoin less than seven days to break its all-time high (again) and chart a new one of just shy of $94,000. This has put its market capitalization to around $1.850 trillion, which makes it the seventh-largest asset by that metric in the world. Bitcoin\/Price\/Chart 19.11.24. Source: TradingView The primary cryptocurrency went on […]<\/p>\n","protected":false},"author":0,"featured_media":21797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21796"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21796"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/21797"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>Bitcoin\/Price\/Chart 19.11.24. Source: TradingView<\/p>\nThe primary cryptocurrency went on a tear after the United States elected Donald Trump to be its next president on November 5. At the time, the asset traded around $68,000 but skyrocketed to $75,000 on the same day.<\/p>\nThe rally continued the following week, and it peaked at $93,477 last Wednesday. Since then, bitcoin entered a consolidation phase, and it even dropped below $87,000 amid some profit-taking, especially from miners<\/a>.<\/p>\nHowever, it didn\u2019t stay there long and started another leg up at the beginning of the current business week, which pushed it to over $92,000 on a couple of occasions. After a few rejections<\/a>, it pushed past that line and climbed above $93,000 earlier today.<\/p>\nThe bulls kept the pressure on the gas pedal, and BTC skyrocketed to just under $94,000 (on Bitstamp) minutes ago to record a fresh peak. Consequently, the speculations about a run toward $100,000 have gone rampant<\/a>.<\/p>\nThis comes amid multiple large purchases<\/a> from MicroStrategy as well as a few more modest ones<\/a> from other companies like Metaplanet.<\/p>\nBTC\u2019s current market cap of $1.850 trillion solidifies<\/a> its position as the seventh-largest asset in the world, and it is closing the gap to Alphabet ($2.150 trillion) and Amazon ($2.160 trillion).<\/p>\nWith this surge, BTC has left roughly $70 million in short liquidations, while the total value of wrecked positions on a daily scale has risen to nearly $300 million.<\/p>\nThe post Bitcoin (BTC) Charts New All-Time High Close to $94K as Bull Rally Resumes<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"It has taken bitcoin less than seven days to break its all-time high (again) and chart a new one of just shy of $94,000. This has put its market capitalization to around $1.850 trillion, which makes it the seventh-largest asset by that metric in the world. Bitcoin\/Price\/Chart 19.11.24. Source: TradingView The primary cryptocurrency went on […]<\/p>\n","protected":false},"author":0,"featured_media":21797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21796","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21796"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21796"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/21797"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/11\/BTCUSD-25.png\"){kind=link}