Bitcoin Price AnalysisBTC Crosses $97,000 for the First Time


BTC traded above $96 500 in early Asian In just a few hours, the market capitalization would have risen to $2 trillion.

Bitcoin (BTC), momentum shows no sign of slowing down. A rally catalyzed Republican The asset that was worth $97,000 earlier in the month is now worth over $97,000. Thursday.

BTC traded above $97,000 in early morning. Asian In just a few hours, the market capitalization would have risen to $2 trillion.

It Data shows that Bitcoin has gained nearly 30% in just 14 days. This is due to the crypto-friendly government of the U.S. as well as a new round rate cuts by the Federal Reserve The return of risk appetite among traders The The term run is used in colloquial language. “Trump trade” Since then, all asset classes, from stocks to bonds, have gained in value. Donald Trump’s Election win

Swift Interest in the BlackRock IBIT options that track bitcoin prices, are physically settled and have a pro-crypto cabinet as a foundation, has been growing.

As CoinDesk first reported WednesdayThe Trump Transition team is considering Teresa Goody Guillén, partner at law firm BakerHostetler and co-lead of its blockchain team, among several candidates to become the next SEC chair, industry sources said.

MeanwhileIBIT options Launched at a $2 billion On their first day of trading, they have achieved a significant milestone. This is indicative of a changing market structure.

“The options market for BlackRock’s BTC spot ETF (IBIT) made a strong debut, trading an astounding 73k contracts within the first hour on Tuesday with a bullish call-to-put ratio of 4.4:1,” SingaporeQCP-based Capital “Said in a Telegram Message earlier Thursday. “This activity places IBIT among the top 20 most active non-index options, underscoring the growing institutional confidence in Bitcoin as a mainstream asset class.”

“This market response is likely to attract new investor cohorts and enable diversified trading strategies, which could help reduce both volatility and downside risk, solidifying Bitcoin’s place in mainstream markets,” They added.

Read the article:  XRP, Cardano (ADA), Solana (SOL) Outperform Bitcoin (BTC) Price as SEC Chair Gary Gensler Sets Exit Date

Banks Traditional finance analysts have set targets as high at $200,000 for the next few months. Republican win.

UPDATE:Nov. 21, 05:15 UTC): Updates Prices throughout.

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