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2024-11-07 22:16:47
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cointelegraph.com11 on Nostr: The article discusses the recent surge in Bitcoin's price, which has reached a new ...


The article discusses the recent surge in Bitcoin's price, which has reached a new all-time high above $76,850. Multiple data points suggest that the rally has room to run higher, including robust spot Bitcoin ETF inflows, a break out of a 7-month-long downtrend, and the success of the US Republican party's red wave across the Congress, Senate, and Executive branches of government. Institutional investors are positioning for further upside, and the addition of $1.1 billion in open interest reflects this belief.

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Bitcoin price hit a new all-time high above $76,850, and multiple data points suggest that the rally has room to run higher.
https://cointelegraph.com/news/bitcoin-all-time-high-at-76-8-k-is-just-the-beginning-according-to-data

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