Bitcoin breaks records with $1.1775B hourly buy volume, reaching a new high of $104,088, signaling strong market confidence and growth.
Bitcoin is breaking records and capturing attention. Taker Buy Volume on Binance surged to a massive $1.1775 billion in just one hourly candle. This is the highest recorded figure, according to CryptoQuant analyst Maartunn. The surge shows increased market confidence and interest.
Individual investors are participating in a very meaningful way. The 30-day demand change by retail investors has only now touched the highest figure seen since early 2020. This implies that more people are trading personally in Bitcoin. While the long-time investors start selling their coins, the retail investors are always active, according to CryptoQuant data.
Increased retail participation can sometimes indicate a local top in the market. But it also reveals increasing participation. When the above trend is complemented by institutional support, it is possible to record enhanced, positive performance. Some are now wondering if this will also follow suit.
Bitcoin has recently set a new record high of $104,088. It is currently selling at $102,500 on Binance. It is going beyond all previous records and is preparing the ground for what could be even more growth.
Bitcoin Gains Momentum After Trump Win
The last increase in the cryptocurrency’s price occurred after Trump win. His win has given bitcoin and the crypto space the attention it deserves. Most countries and institutions are looking at Bitcoin as one of the strategic reserve assets. This shift shows that Bitcoin is becoming more accepted all over the world.
Even Trump’s administration has contributed to the improvement of confidence. He intends to bring people close to him who have a positive attitude towards crypto. This move implies a potential regulatory position that may exist for cryptocurrencies. People are optimistic that this will help the development of other cryptocurrencies in the market to advance.
The great Bitcoin price increase and all-time high volumes have attracted more interest. While some of the analysts are pointing to the possible market top, others are pointing to this as the beginning of something new. At the current price of approximately $102,500, Bitcoin might sustain or even scale up these heights.
Bitcoin is now shifting to new levels, and all eyes are focused on the cryptocurrency. Retail interest and institutional backing assure that the future of the market is bright. The crypto world is watching closely. What happens next could set the stage for the next chapter in Bitcoin’s story.
