Bitcoin price hit a new all-time high above $76,850, and multiple data points suggest that the rally has room to run higher.
On Nov. 7, Bitcoin continued the trend of consecutive daily all-time highs as BTC price traded above $76,800.
Robust spot Bitcoin ETF inflows, BTC’s break out of a 7-month-long downtrend into price discovery, and the success of the US Republican party’s red wave across the Congress, Senate and Executive branches of government are signals that have prompted multiple cohorts of institutional investors to boost their allocation to Bitcoin.
Proof of this is seen in:
