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Bitcoin

Bitcoin at Its Peak: Value and Projections

12 Nov 2024by CryptoJazz Admin1 min read51 views
Bitcoin at Its Peak: Value and Projections

🌀Following the U.S. presidential election, Bitcoin continues to set new records. Its price has reached an all-time high of $89,604, with the total cryptocurrency market capitalization exceeding $3 trillion.

🌀In the past 24 hours, the volume of inactive Bitcoin transactions has increased by 130%, and the number of addresses holding “digital gold” for more than three years has grown by 154%. This could indicate that long-term holders are taking profits.

🌀Inflow into crypto-related investment products has reached a record $31.3 billion for the year, with total assets under management now at $116 billion. This highlights the growing interest from institutional investors.

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