Bitcoin Nears $98,000

🔵On November 19, Bitcoin (BTC) reached $97,900, coming within 2% of the psychological $100,000 mark, where its market capitalization would surpass $2 trillion. Over the past two weeks, BTC has surged by 30%. Experts attribute this growth to Donald Trump’s election victory, Federal Reserve rate cuts, and supportive U.S. government policies favoring cryptocurrencies.

🔵An additional boost came from the successful launch of BlackRock’s Bitcoin ETF, with 73,000 contracts traded in the first hour. Nvidia’s record-breaking quarterly revenue of $35.1 billion also added to market optimism.

🔵This surge, dubbed the “Trump Rally,” has led analysts to anticipate Bitcoin’s continued ascent toward $100,000.