Bitcoin Hits a New ATH Above $94.5K 🥳🥳
coinmarketcap. com
At the moment of writing this article, $BTC is trading above $94,400, up by 3% in the last 24 hours. Earlier, the coin reached a price above $94,500 – its new ATH.
Bitcoin’s market cap surpassed $1.87 trillion, being positioned in the 7th spot on the list of Top Assets by Market Cap in the world.
Together with strong optimism in the crypto industry, stemming from upcoming changes in Washington in 2025, and friendlier crypto policies, BTC’s recent rally post the US elections was also supported by significant flows in BTC ETFs, and the launch of BTC ETF options in the US.
After yesterday’s success seen by BlackRock’s IBIT options trading, today Grayscale launches its own options for the two BTC ETFs.
These crypto products are mirroring increased institutional interest in Bitcoin and related products, which, together with multiple other factors, metrics, and the prospect of Strategic Bitcoin Reserves in the US and other countries are setting the stage for the king coin to reach $100,000 soon.
