The head of research at Galaxy said that, from a fundamental perspective, Bitcoin shows no signs of asset overheating.

Despite Bitcoin reaching a historic high this week, it shows no signs of 'overheating'; some analysts point out that fundamentals suggest Bitcoin may rise further.

Galaxy's head of research Alex Thorn stated in a market report seen by Cointelegraph on November 7: 'From a fundamental perspective, the market does not seem to be overheating.'
Analyst Aurelie Barthere from cryptocurrency analysis firm Nansen also expressed a similar view. In a market report on November 7, Barthere stated: 'Bitcoin broke its historical high with huge trading volume, clearly indicating that Bitcoin will continue to maintain positive momentum post-election.'