🏆 Bitcoin breaks the 97,000 USD threshold, FOMO sentiment surges
✨ On November 20, Bitcoin (BTC) officially surpassed the threshold of 97,870 USD on many exchanges. This is a new ATH for the largest cryptocurrency in the world. The price of BTC is currently trading at 96,576.71 USD, up 4.66% in 24 hours.
💡 The recent price surge of Bitcoin is attributed to the fact that options contracts based on BlackRock's Bitcoin ETF, iShares Bitcoin Trust ETF (IBIT), were officially launched last week.
🏅 Analysts believe that Bitcoin's rally is due to candidate Donald Trump defeating Vice President Kamala Harris.
💰 The new ATH of BTC positively impacts major altcoins like Ethereum (ETH), Solana (SOL)… as they also recorded favorable growth today. ETH is currently trading at 3,113.45 USD, up 0.41%. Meanwhile, SOL rose 1.63% to 237,543 USD.
✴️ Industry experts expect Bitcoin to soon break the 100,000 USD milestone in the next two months. However, some opinions suggest that Bitcoin exceeding 100,000 USD could trigger a wave of sell-offs as investors seek to take short-term profits.
