Bitcoin Breaks Its All-Time High Again and Sets a New Record of $93.8K

It took bitcoin less than seven days to break its all-time high again and set a new record of $93.8 thousand on the world's largest crypto exchange

Bitcoin has set a new all-time high, reaching $93.8 thousand on Binance.

After Donald Trump was elected the next US president on November 5, the first cryptocurrency began to rise sharply. At that time, the asset was trading at $68 thousand, but on the same day it soared to $75 thousand.

The growth continued the following week, and last Wednesday bitcoin peaked at $93.4 thousand. After that, amid profit-taking, especially by miners, bitcoin entered a consolidation phase and even dropped below $87 thousand.

However, it did not stay there for long, and at the beginning of the current workweek it began a new rise, which several times pushed it over the mark of $92 thousand. After several rejections, it nevertheless broke through this line and today it rose above $93 thousand.

On Tuesday evening, bitcoin soared to $93.8 thousand, setting a new peak.

Against this backdrop, there are active discussions and speculations that the price of bitcoin may reach $100 thousand.

The above is the detailed content of Bitcoin Breaks Its All-Time High Again and Sets a New Record of $93.8K. For more information, please follow other related articles on the PHP Chinese website!