Bitcoin Spikes to $93K ATH: This is Where it Goes Next
Bitcoin ATH
Last week marked a significant turning point in the crypto market, and we may now be entering a period of euphoria. Here's why:
Bitcoin surged by 38% with Trump victory, breaking above $93K for the first time in history.
Additionally, Bitcoin ETFs attracted over $3.4 billion in inflows since the U.S elections day. This is driven by major financial firms like Ark Invest, Invesco, Franklin Templeton, and BlackRock. This broader adoption reflects the growing acceptance of Bitcoin within traditional finance. Additionally, companies like Genius Group are embracing Bitcoin-first strategies, with plans to hold 90% of reserves in Bitcoin, further fuelling interest in crypto investments.?
What’s Going to Happen in the Next Few Weeks??
Liquidity at key levels: $93.4K has $85M in ask liquidity. BTC volatility remains high due to the heavy sell-side liquidity.
In the next few weeks, we can expect one of two scenarios: either a massive bull trap or continued upward movement. Bitcoin will most likely start to consolidate after either scenario and we can expect sideways movement for a prolonged period. ?
Rest of the Market Followed Rhythm
Altcoins, memecoins and even stablecoins surged on the wave.
Future of Crypto Following Trump's Victory
President Donald Trump embraced digital currencies during his elections campaign and promised to make the United States the crypto capital of the planet. He even launched a new crypto business called World Liberty Financial last September.
Elon Mask, a key ally of Donald Trump and a supporter of cryptocurrencies, will be heading the newly formed Department of Government Efficiency (DOGE). This department is linked to his favourite meme cryptocurrency, Dogecoin (DOGE), which has seen a significant 136% increase in value since the US elections.
This step indicates that his new administration could help accelerate the development of the cryptocurrency market by providing clearer regulations, encouraging greater institutional involvement, improving market infrastructure, and fostering wider mainstream adoption of crypto assets.
*This communication is for informational and educational purposes only and should not be construed as financial, investment, or legal advice. BitDelta does not guarantee the accuracy, completeness, or timeliness of the information provided. Trading in cryptocurrency markets involves substantial risk, including the potential loss of your entire investment. Users are advised to conduct their own research, exercise caution, and seek independent financial advice before making any trading decisions. BitDelta is not liable for any losses or damages arising from actions taken based on this communication.
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2 周F?rst? Hyperliquid i en artikel Mellanliggande 2024-11-13 11:27:53 Hyperliquid kombinerar CEX och DeFi, genom att anv?nda orderboktransaktionsmodellen p? Hyperliquid L1 inf?dda kedja f?r att skapa en derivathandelsmarknad som erbjuder l?g latens och h?g handelsvolym. F?r n?rvarande st?der plattformen kontraktshandel, spothandel och pre-launch trading. Anv?ndarupplevelsen liknar CEX. Protokollets mainnet-token har ?nnu inte lanserats, men det finns ett h?gt intresse f?r airdrop p? marknaden och den senaste utvecklingstrenden ?r positiv, vilket indikerar att projektet har betydande tillv?xtpotential.
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2 周Can't wait to see Bitcoin touch 100k. It will be one for the books ??