Bitcoin ($BTC
) has recently achieved a new all-time high, nearing the $100,000 mark. This surge is attributed to factors such as increased institutional investment and favorable regulatory developments.
However, after peaking near $99,830 on November 22, $BTC experienced a pullback, dropping over 8% to a one-week low of $91,377.
Despite this volatility, the overall market sentiment remains bullish, with many investors reporting significant profits. Notably, some are celebrating gains by investing in luxury items, a trend observed following recent market upswings.
As always, it's crucial to stay informed and exercise caution, as the cryptocurrency market is known for its rapid fluctuations.