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Bitcoin Dominance: Bitcoin Dominates the Crypto Market at 58.9%!
Bitcoin surpassed the record of $89,000 for the first time in history, and potentially could reach a six-digit price before 2025.
BTC price breaks an all-time high level at $89,000
As of November 12, 2024, the price of Bitcoin recorded a significant surge, namely 11.51%, reaching its new highest level at $89,335
The highest level ever occurred a week after former President Donald Trump won the 2024 general election in the United States, securing his second term in office.
Trump's victory has sparked a wave of renewed optimism among investors, boosting demand for risky assets such as Bitcoin, which has surged since the Republican Party's victory.
According to experts, the results of the US election have the potential to pave the way for Bitcoin to surpass $100,000 before the end of the year.
The upcoming Trump presidency is seen as a boon for the cryptocurrency space, where many are hoping for clearer regulations that support blockchain innovation.