Bitcoin Price Rises Above $90,000 The last maximum of $BTC was recorded at $89,919. Bitcoin also reached this mark today.

The capitalization of the crypto market flagship currently stands at $1.7 trillion. The daily trading volume exceeds $121 billion.

On a monthly basis, the price of Bitcoin has grown by 38.3%. Over the past 24 hours, the indicator has jumped by 4.8%. The current rally was triggered by several factors, including the re-election of Donald Trump as US President. The politician promises to turn the country into the "world crypto capital" and create a bitcoin reserve. Against the backdrop of such positive news, investors are becoming more and more confident in their bets on digital assets.

Another reason is the latest reduction in the key rate. During the last meeting, the US Federal Reserve System (FRS) reduced it by 25 basis points (bp). As a result, BTC updated its ATH above $76 thousand. Market participants expect the regulator to continue its decline.

The latest wave of growth was facilitated by the publication of data on the consumer price index (CPI) in the United States. Inflation remained at the same level, to which Bitcoin responded positively.$HARD $PROS