#cryptonews
Bitcoin price has soared past $89,000, driven by a surge in market optimism and increased institutional interest.
Investors are eyeing the $100,000 milestone, as asset managers and analysts forecast further gains fueled by strong demand and a favorable regulatory climate in the U.S.
This rally boosted cryptocurrency stocks, with MicroStrategy and Coinbase seeing notable gains. MicroStrategy’s stock hit a record $340 after the company acquired an additional 27,200 BTC, bringing its total holdings to 279,420 BTC, valued at approximately $24.5 billion
Bitcoin surged 11% in a single day, reaching a new high above $88,000, driven by optimism for a more crypto-friendly U.S. policy after recent elections.
China’s stance on cryptocurrency may be shifting, with recent court decisions recognizing Bitcoin’s value.
Chinese chipmaker Nano Labs, listed on Nasdaq, announced it will now accept Bitcoin payments through Coinbase, signaling its support for cryptocurrency in commercial transactions.
Prediction platform Polymarket shows strong confidence in Bitcoin hitting $100K, fueling further momentum.
Bitcoin recently set a new record, surpassing $89,000, with market speculation suggesting it could reach $100,000 by year-end. Investor optimism is on the rise, with asset managers like Bernstein recommending Bitcoin exposure.