Bitcoin Hits New Record Above $94,000, Becomes 7th Largest Asset Amid ETF Options Launch

Nov 19, 2024, 06:39 PM

Bitcoin has reached a new all-time high, surpassing $93,500 and climbing above $94,000 for the first time in history. The cryptocurrency soared from $68,000 to nearly $94,000, boosting its market capitalization to $1.85 trillion and ranking it as the seventh-largest asset globally. This surge underscores the growing interest and trust in digital assets as more individuals and institutions embrace Bitcoin as a major financial asset. The price rally, coinciding with the launch of options trading for Bitcoin exchange-traded funds (ETFs), saw Bitcoin hitting precise highs of $93,918.50 and $93,975. Geopolitical tensions have also contributed to the increased demand, propelling Bitcoin to new record levels.