Bitcoin Price Hits New ATH, Breaks $75,000!
2024-11-06
Bittime - Good news, Bitcoin price hits new ATH! Bitcoin price has just reached a new all-time high (ATH) at $75,000.
This level managed to exceed the previous ATH, namely at the level of $73,800. Read this article to find out more!
Bitcoin Price Hits New ATH
Source: Coinmarketcap.com
The last few days, the Bitcoin price has shown a significant upward trend. Then, this morning the value of Bitcoin managed to exceed $73,800 and reach the $75,000 level.
Source: Coinmarketcap.com
This $75,000 level marks Bitcoin's new ATH since March 14, 2024. By breaking through this new ATH, Bitcoin has further strengthened its position as the crypto asset with the highest price, and has great potential in the global crypto market.
Triggers of Bitcoin Price Hits New ATH
There are several factors that are believed to be the main trigger for the Bitcoin price to reach this new ATH. First, demand for Bitcoin is increasing, especially from institutional investors.
Many large companies and well-known investors are now starting to see Bitcoin as an attractive store of value. This demand for Bitcoin also has a direct impact on increasing Bitcoin prices.
High liquidity also supports Bitcoin price increases. In recent times, Bitcoin trading volume has increased significantly. High liquidity makes it easier for Bitcoin prices to move up.
Apart from that, global economic uncertainty is also one of the reasons investors turn to digital assets such as Bitcoin. Concerns regarding inflation, monetary policy and the global economy encourage investors to look for alternatives that are considered safer.
Read Also: Analyst Predicts Bitcoin Bullish Trend Before Election!
Bitcoin Price Hits New ATH, Here's the Bitcoin Price Hits Today
Source: Bittime.com
Based on today's Bittime market, today's Bitcoin price rose 8.93% and was trading at IDR 1,176,319,984 or around $74,160 when this article was written.
This level is down about 1.52% from the latest ATH. Will this upward trend continue? Let's wait and watch for further Bitcoin price developments!
Read Also: UK Starts Looking at Bitcoin Pension Funds as an Alternative
How to Buy Crypto di Bittime
Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.
Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!
Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime,
Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.
