Bitcoin has hit an all-time high, surging past $77,000 on Friday in a rally that has taken the cryptocurrency world by storm. This latest milestone comes hot on the heels of Donald Trump’s reelection as President of the United States, which has sparked strong support from the crypto community and fueled Bitcoin’s unprecedented rise.
At around 3:00 PM, Bitcoin peaked at $77,239, according to crypto tracking site CoinGecko. This marks an astounding 113,011% growth since 2013. To put that in perspective, a $1,000 investment back then would be worth over $1 million today—a figure that’s capturing the attention of seasoned investors and newcomers alike.
Can Bitcoin Break Through $100,000?
With the current momentum, many are wondering just how high Bitcoin can climb. Optimism is high among investors, who see recent political developments as a boost to the cryptocurrency’s upward trajectory. Some analysts predict that Bitcoin could soon reach the $100,000 mark, a milestone that seemed unimaginable just a few years ago.
Bitcoin ETFs Experience Record-Breaking Inflows
Alongside Bitcoin’s price surge, there’s been a massive influx of funds into Bitcoin-focused ETFs (exchange-traded funds). The day after Trump’s reelection, U.S. Bitcoin ETFs saw a historic $1.3 billion in new investments. BlackRock, the world’s largest asset manager, led the charge, contributing over $1 billion to its Bitcoin ETF, while Fidelity’s FBTC also recorded $190 million in inflows. This trend underscores a growing appetite for Bitcoin exposure among institutional investors, a move that could further solidify Bitcoin’s position as a mainstream investment.
Ripple Effect: Other Cryptos on the Rise
Bitcoin’s rally has lifted the entire crypto market, sparking significant gains across other major cryptocurrencies. Ethereum (ETH) is now hovering around $2,900, while Cardano (ADA) rose to $0.44, up by 10% in just 24 hours. Chainlink and Polygon have also joined the upward trend, climbing over 7% and 13%, respectively.
With Bitcoin’s price climbing to new heights and a wave of institutional interest sweeping the market, the cryptocurrency space has never looked more dynamic. As investors continue to pour into the market, all eyes are on Bitcoin’s next big milestone—$100,000.
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