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Bitcoin

Donald Trump

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Bitcoin, the world’s largest cryptocurrency, hit a new all-time high of $95,672 on Thursday after its price rose to 3.55% in the past 24 hours; the next target is $100k. 
For the first time, on Nov. 21, Bitcoin reached the new highest price level of $95,000. The price surged to 42% from $67,400 a month and rose triple digits to 154% in a year. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="624" src="https://crypto.news/app/uploads/2024/11/BTCUSDT_2024-11-21_10-37-54-1024x624.png" alt="Bitcoin hit $95,000: heading to $100k target price - 17" class="wp-image-14312524">
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 1 Day BTC price chart, June 5 – November 21, 2024 | Source: <a rel="" href="https://crypto.news/price/bitcoin/">crypto.news</a>
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</figure> 
U.S. election still became the biggest support for the price movement since Donald Trump won and has a vision for better crypto regulations. He also picked several names as his secretary and identified them as pro-crypto personalities, including Elon Musk and Robert. F. Kennedy Jr. 
Bitcoin ETF trading options also boost crypto prices due to the high level of market interest in the crypto-related product. On Tuesday, BlackRock’s iShares Bitcoin Trust (IBIT) hit notional exposure of up to $1.9 billion. 
<a rel="" href="https://crypto.news/grayscale-bitwise-will-begin-trading-bitcoin-etf-options-today/">Another trading option</a> will released on Nov. 21, including Bitwise (BITB), Grayscale (GBTC), and Grayscale’s mini trust version (BTC). 
 Read more: <a rel="" href="https://crypto.news/is-bitcoin-warming-up-for-a-100k-explosion-heres-whats-brewing/"> Is Bitcoin warming up for a $100K explosion? Here’s what’s brewing </a> 
<h2 class="wp-block-heading" id="bitcoin-price-of-100k-is-on-the-market-eye">Bitcoin price of $100k is on the market eye</h2> 
Michael Saylor, executive chairman of MicroStrategy, in an interview with CNBC on Nov. 14,&nbsp;<a href="https://crypto.news/michael-saylor-predicts-bitcoin-will-soar-to-100k-amid-trumps-pro-crypto-administration/" target="_blank">stated</a>&nbsp;that he is already planning for the New Year’s Eve party to celebrate the $100k price before the end of the year. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “I think it’s going to go up from here. I’m planning the $100,000 party and I’m thinking it’s probably going to be New Year’s Eve at my house. So I would be surprised if we don’t go through $100,000 in November or December,” said Saylor on <a href="https://www.youtube.com/watch?v=M1e7xNdCgM4" target="_blank" rel="nofollow">the interview</a>. 
</blockquote> 
Beyond the $100k target price, Bernstein Research has an ambitious <a rel="" href="https://crypto.news/bitcoin-projected-to-200k-by-2025-bernstein-research/">bullish target</a> price for 2025 of $200k. This projection has been updated from $150k due to the rise in institutional demand in many places. 
 You might also like: <a rel="" href="https://crypto.news/spot-bitcoin-etfs-inflows-surge-220-amid-options-launch/"> Spot Bitcoin ETFs inflows surge 220% amid options launch </a>

Bitcoin hit $95,000: heading to $100k target price

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