Bitcoin has successfully reached a new all-time high of $75,656, as reported by Coinglass. This peak represents a sharp increase of 9.4% in the last five hours, surprising the crypto market. The rise is seen as a significant achievement since Bitcoin did not meet the anticipated growth during October.
The sudden surge in Bitcoin's price is possibly linked to the current political atmosphere in the United States, suggesting that broader economic or election impacts may have played a role in this upward trend.
This new milestone highlights the continued volatility and the potential for rapid price changes in the cryptocurrency market, particularly for Bitcoin, the largest cryptocurrency by market capitalization.
