As a seasoned crypto investor with a decade-long journey under my belt, I can confidently say that this latest Bitcoin price surge feels like a rollercoaster ride that just keeps climbing higher and higher. Remember when we were all celebrating the $10,000 milestone back in 2017? Now here we are, breaking new records every other week!
The cost of Bitcoin (BTC) surpassed another record peak, reaching approximately $93,826.60 during late trading sessions. This latest achievement was attained following a prolonged period of consolidation over the last week. Remarkably, within the past day, the leading coin experienced a 3.33% surge to hit this new record high.
Bitcoin Price And Key Growth Triggers
Starting in November, Bitcoin’s price has reached several new all-time highs (ATHs). Yet, the upward trend appears to be steady rather than explosive. Bitcoin first surpassed its previous ATH at around $85,000 before breaching the $91,000 psychological barrier. However, after hitting this level, Bitcoin’s trajectory changed and it dropped back towards the $86,000 range as investors cashed out their profits.
The recent surge in Bitcoin’s price up to $93,000 is accompanied by an increase in trading volume by 7.31%, currently standing at a staggering $73.66 billion. Over the past day, the BTC price has been moving within a tight band, dipping as low as $89,765.24 and reaching as high as $93,826. As Bitcoin is now in an active exploration phase, it’s uncertain how much higher this coin could climb.
This is a developing story, please check back for updates!!!
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2024-11-19 21:58