The digital asset fell nearly 3% over the weekend before rebounding to $92,000 on the morning of November 18.
On the morning of November 18, the Bitcoin rate exceeded $92,000 for the first time since reaching its last all-time high. Bloomberg writes about it.
Last week, on November 13, the price of Bitcoin set a historical record, rising to $93,400, after which it corrected and now fell to $86,200.
Global markets have moved into a cautious mode, assessing the potential impact of US President-elect Donald Trump’s political program on the movement of assets, including cryptocurrency.
Among the uncertainties is the timing of Trump’s promises to support cryptocurrencies, as well as their implementation.
According to IG Australia Pty analyst Tony Sycamore, Bitcoin is “overheated” after record growth since election day on November 5, and there is already a lot of good news built into the price.
In retrospect, the value of the global cryptocurrency market exceeded $3 trillion when Trump’s election as US President raised the stakes of a new boom for all segments falling below $63,000.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.