“Bitcoin reached a new record of $82,234,” – these figures emerged on November 11, 2024, following a sharp rise in the leading cryptocurrency. The increase was fueled by institutional investment inflows and market optimism after Donald Trump’s victory in the U.S. presidential election.

Bitcoin’s market capitalization has now exceeded $1.6 trillion, marking a historic moment for the coin that initially traded at just a few cents back in 2009. A significant driver was the activity of BlackRock’s iShares Bitcoin Trust (IBIT) ETF, which attracted $1.1 billion in a single trading day.

Fadi Aboualfa, Head of Research at Copper.co, agrees, suggesting that Bitcoin could reach $100,000 by Trump’s inauguration on January 20, citing improved accumulation metrics through ETFs.