Bitcoin has increased in value, but the upward price trajectory has slowed. It has recently set a new all-time high above $76,000. Bitcoin has recently experienced a lot of trading activity, with more than $128 million worth of BTC being traded in the past 24 hours. In comparison, only two other days since 2013 have seen higher trading volume.
Analysts are cautiously optimistic about Bitcoin’s future, citing potential benefits from Donald Trump’s election and the Federal Reserve’s potential decision to lower interest rates. However, some experts argue that the Federal Reserve’s decision is unlikely to significantly impact Bitcoin’s price.
