From $90K to $110K: Bitcoin’s New Trading Range in Focus

News

  • Bitcoin breaks $98K and is $110K trading range till year-end.
  • Institutional adoption and ETFs drive Bitcoin’s market cap near $2 trillion.
  • Political shifts fuel optimism, with Bitcoin gaining 43% in the past month.

Bitcoin (BTC) continues to astound, breaking past $98,000 with precision. This milestone has analysts predicting a trading range between $90,000 and $110,000 to close the year. The cryptocurrency’s relentless rise has reshaped global markets, capturing the attention of investors, institutions, and governments alike.

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Bitcoin Climbs the Financial Ladder

Bitcoin’s growth over the past decade has been revolutionary. The cryptocurrency recently claimed the seventh spot among the world’s most valuable assets. This achievement places Bitcoin above silver and the Saudi Arabian oil giant Aramco. The market cap of Bitcoin now stands near $2 trillion, trailing only gold, Apple, Nvidia, Microsoft, Amazon, and Alphabet.

On Friday, Bitcoin’s valuation was just $165 billion shy of Google’s. This surge has been fueled by institutional interest, exchange-traded products, and a tightening supply-demand dynamic. Analysts highlight these factors as key drivers of growth. Perfumo pointed to the rapid adoption of Bitcoin ETFs and the entry of new institutional players into the market.

Political Shifts and the Path Ahead

Bitcoin’s recent rally also benefited from political developments. Donald Trump’s decisive victory on November 5 raised hopes for a more lenient regulatory environment. Optimism about reduced restrictions led to a surge, pushing Bitcoin above $103,000 before stabilizing at $98,000.

Over the past month, Bitcoin has gained 43%, adding nearly $1 trillion to its value. Analysts expect the $90,000–$110,000 range to act as a consolidation zone as the year winds down. This period of stability could set the stage for further growth.

Bitcoin’s rise symbolizes more than financial success. The cryptocurrency represents a shift in global finance, challenging traditional systems and reshaping economic narratives. The question now is no longer about potential—it’s about the heights this digital asset will reach.

The post From $90K to $110K: Bitcoin’s New Trading Range in Focus appeared first on Crypto News Land.

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