Bitcoin has reached an all-time high of over $93,000, with a year-to-date gain of 117.22%. The surge in Bitcoin’s price is due to a combination of technical, macroeconomic, and geopolitical factors such as the re-election of President Trump, the Federal Reserve’s monetary policy, and strong on-chain metrics.
While there is potential for market corrections, Bitcoin’s fundamentals remain strong, and its dominance in the crypto market continues to grow. However, regulators and investors should approach the market with caution to avoid impulsive decisions driven by fear of missing out.
