Bitcoin’s price has climbed to unprecedented levels, peaking at above $93,000 on 13 November, driven by a wave of political and economic catalysts following Donald Trump’s election win on 5 November.
The cryptocurrency’s rise has been swift and sharp, with a 35% surge from $67,000 to its record high in just eight days.
As of writing, Bitcoin is trading slightly above $90,000, maintaining strong support as bulls take profits.
The market rally has sparked significant attention, with analysts crediting Trump’s pro-crypto stance, the Federal Reserve’s interest rate cut, and growing corporate investment as primary drivers.
Since Trump’s election, the Bitcoin network has seen an influx of 230,000 new funded wallets, bringing the total to 54.6 million as of 18 November.
This surge in wallet creation signals heightened retail interest, amplifying the cryptocurrency’s legitimacy among everyday investors.
An increase in the number of holders during a rally often indicates that the asset is drawing new buyers.
This influx of demand has played a key role in stabilising Bitcoin’s price, even as long-term holders take profits during the recent surge.
The role of institutional players in this rally cannot be overstated.
MicroStrategy’s announcement of a $42 billion Bitcoin acquisition plan and record-breaking inflows into Bitcoin ETFs have significantly bolstered market sentiment.
Over 11 and 12 November alone, Bitcoin ETFs saw $2 billion in capital inflows, with the BlackRock iShares Bitcoin Trust now managing over $40 billion in assets.
Shunyet Jan, head of derivatives and institutional at crypto exchange Bybit, emphasises the shift towards institutional dominance in the crypto space:
“Unlike the bull markets of 2017 and 2021, it’s Bitcoin leading the way.”
Despite the global excitement, scepticism remains.
Reserve Bank of Australia Governor Michele Bullock dismissed Bitcoin as a speculative asset rather than a currency during a speech at the Australian Securities and Investments Commission forum.
She exclaimed:
“Don’t call it an alternative currency. It’s not a currency, it’s not money, it’s being used as some sort of asset class. I don't understand it. I don't really see a role for it, certainly in the Australian economy or the payments system. Not sure of the purpose of it."
Adding to the criticism, ASIC Chairman Joseph Longo remarked:
“The demand for it is the bigger fool theory,” brushing off the price surge with a blunt, “Who cares?”
Technically, Bitcoin’s immediate support lies at $88,000, while resistance at $92,500 has kept prices consolidating near the $90,000 mark.
Analysts argue that holding above $88,000 is crucial for maintaining bullish momentum towards the $100,000 milestone.
The Bull-Bear Power indicator currently favours buyers, with a positive reading of 12,523 signalling strong market confidence.
However, should Bitcoin fail to sustain this support level, a retracement to $80,783 could provide an entry point for buyers seeking to capitalise on dips.
Experts are optimistic about Bitcoin’s path forward.
Iliya Kalchev, an analyst at the crypto lender and exchange Nexo, expressed optimism following Trump's victory, stating,
"The bull market is back."
He added,
“As we edge closer to $100,000, the market is likely to see increasing interest from both retail and institutional investors.”
The cryptocurrency’s dominance has grown significantly, now comprising over 50% of the entire crypto market’s value—a marked rise from the 40% share seen during the last peak in November 2021.
As FOMO drives more capital into the market, analysts predict a spillover effect benefiting other assets like Ethereum and Solana.
Figma’s share price jumped 250% on its NYSE debut, closing at $115 and rising further after hours. The company also revealed it had put nearly $100 million into Bitcoin and stablecoins as part of its treasury plan.
Weatherly
Jason RiggsStrategy reported a $10 billion profit in Q2, driven by Bitcoin gains and new fair value accounting rules. It raised over $10.5 billion through stock sales and used most of it to buy more Bitcoin, pushing its holdings above 628,000 BTC.
AnaisBitmain, the world’s leading Bitcoin mining ASIC manufacturer, is preparing to open its first manufacturing facility in the United States—a strategic move set to accelerate production and support for American clients.
XingChiMarti, a Turkish ride-hailing company, has put 20% of its cash into Bitcoin and plans to increase that to 50%. The move is part of a long-term plan to use crypto as a store of value while keeping its main business growing.
AnaisThe US SEC has approved in-kind trading for Bitcoin and Ethereum ETFs, letting firms trade crypto directly instead of using cash. This change is expected to cut costs, improve trading, and make it easier for big investors to enter the crypto market.
WeatherlyA rare 100 BTC Casascius bar bought in 2012 for $500 was finally redeemed in 2025, now worth over $10 million. The owner kept it sealed for 13 years before transferring the Bitcoin to a digital wallet, making a huge profit while preserving its historical value.
AnaisOver half of the public companies that added Bitcoin to their balance sheets in 2025 have seen their share prices fall by more than 50%. The drop follows a sharp decline in Bitcoin’s value, exposing firms to heavy losses and sparking concerns over the risks of using crypto as a treasury asset.
Anais210k Capital, the hedge fund launched by entrepreneur David Bailey, has made headlines with a staggering 640% net return over the last 12 months—demonstrating the explosive power of the Bitcoin treasury trend.
XingChiJPMorgan is planning to let clients borrow money using crypto like bitcoin and ether as collateral. This comes as rules around digital assets in the US become clearer and demand from wealthy clients grows.
Anais明尼阿波利斯联储主席卡什卡利称比特币主要用于毒品交易和非法活动。然而，最新的区块链分析显示，非法交易仅占加密货币使用的极小部分。加密领域的专家纷纷反驳，指责卡什卡利对加密货币的误解和错误言论。
WeiliangPeter Todd has gone into hiding for safety reasons after an HBO documentary claims he is Satoshi Nakamoto with filmmaker Cullen Hoback backing it. This controversy raises questions: Is it a publicity stunt, or could there be truth to Todd's denial?
CatherineA former CEO lost nearly all his savings after connecting to a close friend's WiFi, which allowed the friend to take control of his device and steal $450,000 from his cryptocurrency wallet. After an investigation, he recovered some of the funds but learned a hard lesson about trust and the risks of using public networks.
WeatherlyIn Russia, individuals using cryptocurrency are increasingly hiring arsonists and other criminals on the dark web, with some perpetrators as young as teenagers. This trend raises an important question: are young people being lured into the realm of crypto-driven crime?
Kikyo中国研究团队据称利用D-Wave量子计算机攻破了传统加密算法，包括保护银行账户和加密钱包的机制。这一消息在全球引发广泛关注，尽管研究细节尚未完全披露，其对加密货币和其他加密技术的影响仍在评估中。
WeiliangAnthropic has launched two new AI models, Claude 3.5 Sonnet and Claude 3.5 Haiku, featuring improved coding abilities and performance. The Sonnet model can now interact with computer interfaces directly, allowing it to automate tasks, while the Haiku model aims to deliver high efficiency and low latency for user-facing applications.
WeatherlyMeta cautiously reintroduces facial recognition, testing it on 50,000 celebrities to combat "celeb-bait" scams and reduce deepfake ads. But is this enough to stop compromised accounts, or is more action required?
CatherineTesla recently transferred its entire Bitcoin stash of 11,509 BTC to new wallets, sparking speculation about a possible sell-off. However, blockchain analysts believe these movements are just wallet rotations, indicating that Tesla still owns the Bitcoin and may be preparing for future strategic moves.
AnaisA man from China, Jiangsu, accumulated significant debt after losing money in cryptocurrency and gambling. To cover his losses, he committed fraud by borrowing against luxury cars he didn't own, which led to his arrest and a three-year prison sentence for contract fraud.
Weatherly本周一，菱传媒爆料，前台北市长柯文哲因涉嫌京华城案被羁押，相关调查发现其加密货币冷钱包已被查扣。然而，由于缺少钱包的私钥和助记词，检调遇到技术瓶颈，调查进展受阻，或将延长羁押期限。专家指出，即便无助记词，USDT等加密资产仍有可能通过申请冻结处理。
Alex