On November 21, 2024, the bitcoin price set a new historical record, breaking the $97,800 mark on the Binance exchange. This means an increase of 5.1% over the last 24 hours, confirming the stable upward movement of the first crypto asset.

Bitcoin is now holding above $97,100 and its market capitalization has reached $1.92 trillion, which brings it close to Amazon’s capitalization.

At the same time, the capitalization of the entire cryptocurrency market is $3.3 trillion, with bitcoin’s market dominance index standing at 58%, underscoring its role as a major asset. Ethereum, the second largest in terms of capitalization, is holding its own at 11.3%.

During the last 24 hours, positions worth $454.8 million were liquidated, which is a significant figure for the cryptocurrency market. The Fear and Greed Index, according to alternative sources, has reached the level of 82, indicating the current “extreme greed”.

The market awakening was supported by trading in options on the spot bitcoin-ETF from BlackRock, as well as the expected launch of a similar product from Grayscale. Analysts’ forecasts for bitcoin remain positive: Ki Yun Ju, founder of CryptoQuant, raised his forecast to $135,000 within the current cycle, while BCA Research and Bernstein do not rule out the possibility of growth above $200,000.

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