On November 21, Bitcoin’s price on Binance surpassed $97,800, setting a new all-time high (ATH). Over the past 24 hours, the asset has gained 5.1%, according to CoinGecko.
At the time of writing, Bitcoin is trading at $97,100. Its market capitalization has reached $1.922 trillion, nearing Amazon’s valuation.
Among the top 10 crypto assets by market cap, no significant growth was observed, except for XRP, which rose by 2.1%.
The total cryptocurrency market capitalization stands at $3.3 trillion, with Bitcoin’s dominance at 58% and Ethereum’s at 11.3%. The Fear and Greed Index has climbed to 82, indicating “extreme greed” in the market.
Experts attribute Bitcoin’s recent surge to the launch of trading for options on BlackRock’s spot Bitcoin ETF, which began in the U.S. on November 20.
Analysts suggest this upward trend could lead to further growth. CryptoQuant’s founder, Ki Young Ju, has raised his target price for Bitcoin in the current cycle to $135,000, citing strong institutional demand as the primary driver.
