Bitcoin hits new record near $98,000
Madrid (EFE). This Thursday, Bitcoin reached a new all-time high of around $98,000, driven by Donald Trump’s victory in the US, the launch of spot trading of cryptocurrency ETF options, and in the context of growing tensions between Russia and Ukraine.
According to Bloomberg, the cryptocurrency set a new high at $97,892 this Thursday at 6:30 am.
eToro analysts explain that the cryptocurrency continues its bullish trend, driven by Donald Trump’s victory in the US presidential election, which “further strengthened the cryptocurrency markets.”
However, they believe that technical indicators show that the price of Bitcoin is in overbought territory, so a pause in its growth could be seen.
Towards greater integration into traditional systems
Similarly, Binance analysts attribute the cryptocurrency’s rise in popularity to the recent launch of options trading on spot Bitcoin ETFs, which they believe “marks a significant step towards greater integration of cryptocurrencies into traditional financial systems.”
In his opinion, the start of trading of this product on the Nasdaq technology index is an event that will increase liquidity in the cryptocurrency ecosystem by providing investors with additional tools for hedging and speculation.
The market expects Bitcoin to reach $100,000 in the coming days.