With Bitcoin’s market price trading steady above $90,000, its market capitalization has exceeded that of the world’s biggest oil producer, Saudi Aramco, and has come closer to the tech goliaths. On Nov. 14, Bitcoin recorded a market cap of $1.81 trillion for the first time in history, making it the seventh-biggest asset in the world, according to data from CoinMarketCap and CompaniesMarketCap.
Open FlipBitcoin’s much-awaited $100,000 all-time high could come during November, analysts predict based on historical chart patterns and growing investor demand since the elections. Bitcoin surpassed the $90,000 record high on Nov. 13, just over a week after Donald Trump won the 2024 US election. Bitcoin’s over 100% YTD rally has outshined most traditional financial assets, according to Ryan Lee.
Open FlipThe crypto industry is pushing for an ambitious raft of policies that would promote widespread adoption of digital assets and considering who best to promote them, as they anticipate a cryptocurrency-friendly regime under President-elect Donald Trump. Bitcoin soared above $90,000 on Wednesday amid rising policy optimism, with some analysts predicting the world's largest token could hit $100,000.
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