Bitcoin’s value has surpassed $90,000, reaching an all-time high of $93,318 and making it the eighth-largest traded asset globally. This growth has been attributed to its increasing alignment with mainstream financial assets. Since the pre-election dip to $66,880, Bitcoin’s value has risen by 39.5%.
However, profit-taking has slowed the rally, with $640 million in net outflows recorded over the last two trading days, leading to a consolidation phase. Retail activity has also increased, with Bitcoin transactions under $100,000 hitting a three-year high. The growth in Bitcoin’s value highlights investor confidence in digital assets as a crucial part of the global financial ecosystem.