Bitcoin can't get enough of records: The bull run has gained momentum.

Bitcoin ($BTC ) is running from record to record with Donald Trump's victory in the US elections and the Fed's interest rate cut.

The BTC price has reached another milestone by exceeding $ 77,000 for the first time in its history. The leading cryptocurrency touched $ 77,200 on November 8. This rise also paved the way for Ether (ETH), the pioneer of altcoins. $ETH managed to exceed $ 3,000 during the day.

According to Coinglass data, altcoins made double-digit gains as the BTC price reached record levels. Funding rates on crypto exchanges are in neutral territory compared to March. Analysts say that the funding rate indicates that the increases may continue.

Sean Farrel, head of digital asset strategy at Fundstrat, said, "There is no sign that the upward cycle in funding rates will end."

“Bitcoin has not yet started its parabolic rise”

The outlook in the crypto market shows that there is no obstacle to the rise for Bitcoin (BTC). Analysts who evaluate the positive trend in global markets predict that BTC can easily exceed $ 100,000.

BlockTower founder and CIO Ari Paul emphasized that the bull market will continue in a post he made on X. Paul used the following statements;

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“We are in the seventh stage of the bull market or we have started one-third of the rally.”

Paul claimed that market participants are preparing for a 6 to 12-month rally. The crypto expert pointed out that institutional investors, rather than individual investors, are driving the market. As is known, the positive trend continues in spot Bitcoin ETFs. BlackRock continues to break records in ETFs.

According to Paul, money inflows into futures and individual investor interest will increase in the coming days. Emphasizing that the bull is just beginning, Paul stated that there will be more buying and selling in the final stages of the bullish cycle.

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