On November 10, 2024, bitcoin broke all records, reaching an all-time high of $80,092. The rapid growth of the cryptocurrency was caused by optimistic expectations after the victory of Donald Trump in the US presidential election. The new president actively supports cryptocurrencies and promised to make the country a “bitcoin superpower”, which immediately attracted the attention of investors.

At its peak, bitcoin was trading at $80,092, but the price soon corrected slightly and stabilized around $79,500. At this time, the Fear and Greed Index reached a value of 78, indicating a state of “extreme greed” among market participants. The increased interest in cryptocurrencies spurred investors to new purchases, which contributed to further strengthening of bitcoin’s position.

For investors, reaching this mark could mean several key points:

1. Profit taking opportunity: With current prices, many investors may consider taking profits as 100% of bitcoin addresses are in the income zone.
2. Expecting a correction: Historically, sharp peaks are followed by corrections, and analysts are predicting possible price fluctuations in the near term.
3. Strengthening Bitcoin’s position: Breaking the $80,000 mark underscores Bitcoin’s growing popularity as an investment asset and its importance in today’s financial system.

This event can be both a great chance for profit and a signal that the market should be closely monitored. Investors are advised to be cautious and take into account possible price fluctuations in the near future.