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News

Bitcoin Breaks $90K

Now, all eyes are on when BTC hits its next milestone: $100,000.
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Nov 13, 2024 • 1 min read

Bitcoin has surged past $90K, hitting $91.5K, as ETF inflows, optimism about Trump’s election, and the easing cycle provide it strong momentum.

What's the Scoop?

  • Annual Growth: The asset is up ~25% over the past 7 days and over 115% this year —more than doubling from its January 1 price of $42K.
  • Market Context: Crypto’s total market capitalization peaked above $3.18T, breaking its November 2021 record of $3.07T.
  • ETF Flows and Sentiment: Continued inflows into Bitcoin ETFs and optimism following Trump's re-election have further bolstered the rally.

Bankless Take:

We’re in the period of the cycle where every day is historic as Bitcoin explodes past all-time highs. With less than 10% to go til we hit $100K, the excitement is electric as massive ETF inflows show huge appetite for Bitcoin, even at these highs. The momentum here is real, and all signs point to Bitcoin driving this bull run to heights we’ve yet to imagine.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

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