⚡On November 19, Bitcoin (BTC) surged by 3.3%, reaching a record high of $94,040 before correcting to $92,000. Daily trading volume totaled $84.79 billion, with sharp fluctuations leading to the liquidation of $44.4 million in short positions.
⚡Experts attribute the growth to increased interest in regulated Bitcoin ETF options from BlackRock and Bitcoin’s expanding role as a hedge amid economic instability. Its limited supply, inflation resistance, and independence from governments make BTC appealing to both institutional and retail investors.
⚡Analysts predict a new record of $100,000 by the end of 2024, reaffirming Bitcoin’s long-term potential.