Bitcoin, the world’s leading cryptocurrency, has shattered its previous all-time high and is on the verge of hitting the $100,000 mark. This remarkable surge comes amidst a 24-hour price rally, fueled by the recent US presidential election. The price of Bitcoin has experienced significant growth since the election of President Trump, further accelerating the cryptocurrency’s momentum.
Ethereum (ETH) could be on the verge of a significant rally, potentially reaching its all-time high in 2025, according to a prominent crypto analyst. The anticipated Pectra upgrade, designed to enhance Ethereum’s speed, scalability, and usability, is seen as a key catalyst for this bullish outlook. This prediction aligns with broader market trends, suggesting a favorable environment for Ethereum’s growth.
Bitcoin surged to a new all-time high of $76,872 on Thursday, fueled by a broader market rally following Donald Trump’s re-election victory. The cryptocurrency market saw significant gains across the board, with Ethereum, Solana, and other altcoins experiencing notable price increases. Experts believe the increased institutional interest in Bitcoin, coupled with the potential impact of Trump’s policies, could drive further growth in the cryptocurrency space.
Bitcoin’s price action has been relatively subdued in recent weeks, but one analyst believes it is poised for a significant breakout and a new all-time high. Kevin Svenson, drawing on historical patterns, predicts that Bitcoin could soon enter a highly explosive phase of its market cycle, potentially surpassing the $74,000 mark as early as next month.
Bitcoin is poised to potentially reach a new all-time high, according to prominent crypto analysts. While some see a short-term dip ahead, overall sentiment remains bullish, with factors like strong market performance and Bitcoin’s role as a hedge against financial system issues contributing to the optimism.
The Nifty Smallcap 100 index surged to a record high of 16,822 points on Wednesday, extending its winning streak to four consecutive days. Eight index constituents notched new 52-week highs, led by Data Patterns (India) with a gain of over 10%. Benchmark indices Nifty 50 and Sensex also traded in the green, extending their bullish trend for the fourth day running.
