Bitcoin hits new $85K high, with just 17% left for BTC $100K record+ tite

Bitcoin’s price is now just 17% away from surpassing the $100,000 mark, which could occur before the end of 2024 due to Trump’s presidential victory, analysts told Cointelegraph.

Bitcoin surpassed the record $85,000 mark for the first time in history, potentially setting the stage for a six-figure price tag before 2025.

Bitcoin’s BTC$87,127 price breached a new all-time high of $85,000 at 18:41 pm in UTC, Cointelegraph data shows.

The new all-time high comes a week after former President Donald Trump won the 2024 elections in the United States, securing his second term in office.