#Bitcoin Digital Currency [Super Topic]#
Every day is setting new highs! Analysts are optimistic that Bitcoin will surge to $100,000 by the end of the year!
Cryptocurrency prices continued to rise on Thursday, with Bitcoin hitting a new high of nearly $77,000 as the Republican Party achieved a landslide victory in the U.S. elections. Before the vote, analysts generally expected that Bitcoin's price would rise regardless of the election outcome.
On Thursday afternoon, Bitcoin soared to a new high of $76,943, following a 10% increase on Wednesday that marked the first peak around $76,500. This increase surpassed the cryptocurrency's historical high of $73,798 set on March 14.
Meanwhile, Kruger and LMAX predict that after a strong start to the year, Bitcoin will perform "outstandingly" in the fourth quarter, laying the groundwork for a new historical high. Kruger pointed out that the next significant milestone could be breaking $100,000 before the end of the year.
CoinDesk senior analyst James Van Straten noted that the U.S. elections are a catalyst for Bitcoin's price surge, but such returns are diminishing. From November 5, 2012, to November 2013, Bitcoin's price surged about 12,000%. After the 2016 elections, by December 2017, Bitcoin appreciated about 3,600%. Within 12 months after the 2020 elections, Bitcoin rose by 478%.
Continuing the previous trend means that Bitcoin will rise about 47.8% post-election. Van Straten wrote that this suggests Bitcoin's price will reach around $103,500 by the fourth quarter of 2025. #BTC☀ #ETH🔥🔥🔥🔥 #币圈段子 #财经解读