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<p>Bitcoin has broken into new territory, reaching an all-time high (ATH) of $90,000, capping off a rally that saw its value climb by over 30% in just a week. This milestone cements Bitcoin&#39;s position as the world’s eighth-largest asset, surpassing silver’s market cap at $1.732 trillion. The surge has been driven by heightened institutional interest, the influence of recent political shifts in the U.S., and a broader bullish sentiment across the crypto market.</p><h3 id="bitcoin-s-rally-powered-by-institutional-demand-and-pro-crypto-policies">Bitcoin’s Rally Powered by Institutional Demand and Pro-Crypto Policies</h3><p>Bitcoin’s recent climb is largely attributed to institutional investors, who are doubling down on digital assets as a hedge against inflation and economic uncertainty. The ongoing support for Bitcoin-focused exchange-traded funds (ETFs), along with spot demand from firms like BlackRock, has added significant liquidity to the market. Analysts see this as a pivotal point in Bitcoin&#39;s maturity, with investors viewing it as a legitimate store of value.</p><p>Additionally, Bitcoin’s ascent is linked to recent political developments. The pro-crypto stance of newly elected U.S. lawmakers has reinvigorated confidence among investors, who anticipate that forthcoming policies will favor the crypto space.</p><h3 id="silver-surpassed-bitcoin-claims-its-spot-as-the-eighth-largest-asset">Silver Surpassed: Bitcoin Claims its Spot as the Eighth Largest Asset</h3><p>Bitcoin’s $90,000 peak has propelled its market cap to $1.735 trillion, a jump that has overtaken silver for the second time this year. In contrast, silver has dipped 6.24% over the past week to a valuation of $1.732 trillion. Bitcoin’s market cap now places it among the world’s largest assets, trailing only giants like gold, Apple, and Microsoft.</p><p>The rally isn’t just about price, though; it signifies a seismic shift in how traditional investors perceive Bitcoin. Major players in finance and tech, including <a href="https://x.com/notrealsaylor" rel="noopener noreferrer nofollow">MicroStrategy</a> and Coinbase, are contributing to Bitcoin’s rise, with a record $38 billion in trading volume reflecting an influx of interest.</p><h3 id="fomo-and-cme-gaps-traders-warn-of-potential-corrections">FOMO and CME Gaps: Traders Warn of Potential Corrections</h3><p>With the current surge, the market is seeing heightened FOMO (fear of missing out), as traders rush to capitalize on Bitcoin’s record high. However, some market analysts are cautioning day traders against impulsive moves. Notably, a Bitcoin CME Futures gap at $77,000 may lead to retracement, as markets historically tend to close such gaps.</p><p>Cryptocurrency analyst <a href="https://x.com/CryptoMichNL" rel="noopener noreferrer nofollow">Michael van de Poppe</a> advises caution, suggesting that traders look for potential dips before entering the market. While the bullish momentum is clear, this gap represents a technical signal for possible correction in the coming days.</p><h3 id="dormant-supply-activation-long-term-holders-take-profits">Dormant Supply Activation: Long-Term Holders Take Profits</h3><p><a href="https://santiment.net/" rel="noopener noreferrer nofollow">Santiment</a> data has shown a 130% rise in Bitcoin’s two-year dormant circulation, with 13,589 BTC moving within a day. This uptick in activity among long-term holders suggests some are taking profits as Bitcoin soars. Similarly, addresses holding BTC for over three years also saw a 154% increase in activity, potentially indicating profit-taking as the market approaches $90,000.</p><p>Historically, when dormant supply surges, Bitcoin has experienced price corrections, as seen in August when Bitcoin dropped from $60,000 to $54,000 following increased circulation of dormant assets.</p><h3 id="cpi-report-and-market-sentiment-factors-to-watch">CPI Report and Market Sentiment: Factors to Watch</h3><p>The upcoming<a href="https://www.investing.com/economic-calendar/" rel="noopener noreferrer nofollow"> U.S. CPI report</a>, due on November 13, is a key factor that could impact Bitcoin’s momentum. A spike in the CPI could sway market sentiment, influencing whether traders continue their bullish bets or adopt a more cautious stance. Inflation data has been a driving force for Bitcoin, with many investors viewing it as a hedge against rising prices.</p><p>Bitcoin’s journey to $90,000 has not only impacted its valuation but has reinvigorated the entire cryptocurrency market. As traditional assets face volatility, Bitcoin’s ATH sends a clear message to the financial world: digital assets are here to stay. As regulatory clarity improves, and institutional players pour into the market, Bitcoin may well be on its way to higher milestones.</p><p>This rally has shown that the market isn’t just prepared for digital assets but is embracing them as a serious financial asset. With Bitcoin continuing its climb, many are eyeing the $100,000 mark, waiting to see if the momentum will push it to new highs. For now, Bitcoin remains the frontrunner in an evolving financial landscape, setting the stage for further growth in the crypto ecosystem.</p><p><strong>Disclaimer:</strong> This article is intended for informational purposes only and should not be construed as legal, tax, investment, financial, or any other form of advice.</p><p><em>Source: </em><a href="https://icogemhunters.com/btc-ath-at-90k-investors-brace-for-wild-ride-ahead/" rel="noopener noreferrer nofollow">ICO Gem Hunters</a></p>

BTC ATH at $90K! Investors Brace for Wild Ride Ahead

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