Bitcoin is making a splash again! In less than a week, Bitcoin's price has soared to a new record high, almost touching $94,000. š
- Bitcoin's market cap is now around $1.850 trillion, making it the seventh-largest asset in the world. Who would have thought that Bitcoin could compete with giants like Alphabet and Amazon?
- This increase occurred after Donald Trump was elected as US president. From $68,000, Bitcoin shot up to $75,000 in a day, and continued to rise to $93,477 last week.
- Although it had fallen below $87,000 due to profit-taking, especially from miners, Bitcoin has recovered and broken through the $93,000 mark.
- Massive purchases from MicroStrategy and other companies such as Metaplanet have also fueled speculation that Bitcoin could reach $100,000.
- With this surge, around $70 million in short positions were liquidated, and the total value of positions destroyed reached almost $300 million.
What do you think? Will Bitcoin continue to advance? Let's discuss in the comments column!
