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.