Bitcoin’s New Record

⬛BlackRock’s exchange-traded fund (ETF) set a new daily trading volume record of $4.5 billion amid Bitcoin’s price surge to $90,000 and Donald Trump’s victory in the U.S. presidential election. The entire cryptocurrency market is showing positive momentum.

⬛Bitcoin’s price is currently at $89,310, reflecting a 32% increase over the past seven days. However, analysts at QCP Capital warn of a potential correction due to an overload of long positions in the market. The high activity in Bitcoin ETFs and Bitcoin’s new peak mark a significant phase in the cryptocurrency market’s development.