#BTCBreaks93k #NextMarketMoves Bitcoin Surges to New Record Over $93K as Strong U.S. Demand Crushes Resistance Level.
The move came as U.S. markets opened for trade, suggesting strong demand from American investors.
Bitcoin blasted through the $90,000 resistance level early in the U.S. trading day and then quickly pushed even higher to top $93,000.
The surge was fueled by heavy demand, with the Coinbase Premium Index at its highest level since April.
Blackrock's iShares Bitcoin ETF (IBIT) was the fourth-most traded product across all ETFs, with $1.2 billion volume in the first hour of the session.
After bouncing off the $90,000 level multiple occasions earlier this week, bitcoin {BTC}} moved through that resistance during U.S. morning hours Wednesday. Once through, further gains ensured, with the price quickly rising past $93,000.
The breakthrough over the key price level happened right as U.S. traditional markets opened at 9:30 am E.T., indicating that strong demand from U.S. investors propelled prices higher.#BTCBreaks93k #NextMarketMoves $BTC