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The Bitcoin (BTC) price is experiencing a new rally and with the momentum it has gained, it has climbed to a new all-time high price level of $93,708.
<figure id="attachment_159196" aria-describedby="caption-attachment-159196" style="width: 100%" class="wp-caption alignnone"><img fetchpriority="high" decoding="async" class="wp-image-159196 size-full" src="https://www.bitcoinsistemi.com/wp-content/uploads/2024/11/BTCUSDT_2024-11-19_21-32-07.png" alt="" width="2048" height="1181">
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 Chart showing the recent rise in BTC price.
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Bitcoin price has been consolidating for a few days after the recent records. However, the increase in the last week has been around 5%.
Related News: <a href="https://en.bitcoinsistemi.com/donald-trump-is-rumored-to-appoint-a-cryptocurrency-bull-to-a-high-level-position-in-the-administration/" target="_blank" rel="noopener noreferrer nofollow">Donald Trump is Rumored to Appoint a Cryptocurrency Bull to a High Level Position in the Administration</a>
The reason for the rise is shown as the election of cryptocurrency-friendly Donald Trump as US President and the possibility of creating a strategic Bitcoin reserve. In addition, the FED's interest rate cut process also contributes to the rise of BTC.
However, along with the rise in the cryptocurrency market, there was also a large amount of liquidation. In the last 24 hours, there was a liquidation of $288 million in the cryptocurrency market, $174 million of which was in long positions. In the previous record rally, the amount of liquidation exceeded $600 million.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/just-in-bitcoin-rally-continues-new-all-time-high-price-record-arrives/" rel="noopener noreferrer nofollow">JUST IN: Bitcoin Rally Continues – New All-Time High Price Record Arrives</a>

JUST IN: Bitcoin Rally Continues – New All-Time High Price Record Arrives

Bitcoin Sistemi EN

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