BTC traded at $96,500 or more in early morning. Asian In just a few hours, the market capitalization would have risen to $2 trillion.
Bitcoin The momentum of the (BTC) rally is not slowing down as it was catalyzed in part by a Republican The asset has risen to $97,000, the highest level since earlier this month. Thursday.
BTC traded above $97,000 in early morning. Asian Hours, less than 3% of a $100,000 landmark figure that would push the company above a market capitalization of $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 Run is now being called a “Trump trade” All asset classes from bonds to stocks have risen since 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 is the first cryptocurrency. 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 A milestone is reached on their first day. This indicates a shift in the 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 Saying 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.
Banks The traditional financial analysts have set a target of $200,000 for the coming months. Republican win.
UPDATE:Nov. 21, 05:15 UTC): Updates Prices are the same.
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