Bitcoin (BTC) Price Breaks Another All-Time High (ATH) of $93,826, as Election Hype Fuels Market Surge
- DDDOriginal
- 2024-11-20 07:16:21333browse
The price of Bitcoin (BTC) has broken another All-Time High (ATH), touching $93,826.60 in late trading.
Bitcoin (BTC) price hit another All-Time High (ATH) on Wednesday morning, reaching $93,826.60 during late trading.
This new milestone follows a sustained consolidation trend over the past week. BTC rallied by 3.33% to achieve this ATH in the past 24 hours.
Bitcoin Price And Key Growth Triggers
Since the beginning of November, Bitcoin price has recorded multiple ATHs. However, the growth is linear as BTC first topped $85,000 ATH before crossing the $91,000 psychological level. The coin reversed its trend from this level and fell back to the $86,000 range as investors took profits.
The latest price rally to $93,000 is complemented by the 7.31% in trading volume, now pegged at $73.66 billion. In the past 24 hours, BTC price has traded within a narrow range from a low of $89,765.24 to a high of $93,826. With Bitcoin now in an active discovery mode, it remains unknown how high the coin will grow.
Bitcoin Price 1D Chart. Source: CoinMarketCap
There are several reasons why Bitcoin is experiencing growth at the moment. The sustained hype around the Donald Trump election victory in the United States is integral to the current BTC price surge.
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