Bitcoin set a new price record of $93,300 after surpassing the $90,000 mark.
In recent days, Bitcoin has experienced sharp upward movements, and while many analysts on social media were predicting a correction from the $90,000 level, the price reached a new all-time high of $93,300 in the past hours.
With Bitcoin’s price surpassing $93,000, it has seen a remarkable 25% growth in just the past week. Over the last month, the cryptocurrency has gained about 40%, which is quite impressive. Additionally, the growth in Bitcoin’s market capitalization has propelled it to become the eighth most valuable asset in the world, surpassing silver for the second time this year.
One of the key factors contributing to Bitcoin’s upward growth in the past week was Donald Trump’s victory in the U.S. presidential election. This event not only boosted the king of cryptocurrencies but also helped altcoins, especially Ethereum, experience growth.
In the past few hours, as Bitcoin reached a new all-time high, Ethereum also hit a record price of $3,440. This represents a 40% increase compared to its price just a week ago.