Bitcoin Surges 6.8% to $87,600 Amid Hopes of Reaching $100,000 Mark
Bitcoin's price has experienced a 6.8% increase to $87,600 in the last 24 hours, with Ethereum also seeing a 3.3% rise. Other altcoins, including Dogecoin, have also seen gains, with the latter experiencing a 35.1% increase. While Trump's election victory may have played a role in the short-term, insiders believe that broader trends such as a post-halving supply squeeze and favorable macroeconomic developments are the true long-term drivers behind Bitcoin's rise. Analysts predict that Bitcoin could surpass $100,000, particularly in the historically strong months of October and November.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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