💯Bitcoin hits ATH at 97,870 USD
☑️Bitcoin is currently priced at 97,323 USD, up 5.1% in the last 24 hours. The largest cryptocurrency in the market reached a new high of 97,870 USD before slightly dropping back to the current price range. Over the past month, BTC has increased by more than 43%, continuously setting new price records.
💥Trading volume remains high at 89.29 billion USD. Bitcoin's current market capitalization is 1.93 trillion USD. Bitcoin has been added to the list of the most valuable financial instruments globally, driven by investment demand from the community and interest from traditional financial institutions.
💲On November 20th, Bitcoin surged to 94,040 USD right after the Bitcoin ETF options launched, fueling investor excitement and market momentum. BlackRock's iShares Bitcoin Trust (IBIT) recorded 354,000 contracts traded on the first day.
🔓Many experts believe the growth trend of BTC is not yet over, continuing to reach higher price points in the short term.
✅ In the recent upward trend, miners sold over 3,000 BTC in about two days, worth approximately 273 million USD. This is considered one of the significant sell-offs that could affect BTC's price in the short term.
🎯Analyst Ali Martinez stated that sell-offs usually occur during strong asset uptrends, prompting miners to "take profits" after a long holding period.
🎊Despite selling pressure, the performance of the Bitcoin network remains very strong. Additionally, economic and political information leaning in favor of the cryptocurrency market also encourages Bitcoin to continue rising.