BTC Breaks Through the $90,000 Mark, Doubling in Price Within the Year

On November 13, 2024, at 10:30 AM (Eastern Time), Bitcoin officially broke through the $90,000 milestone, writing a new historical record. As of the time of writing, Bitcoin has reached a peak of $93,265 and is currently fluctuating around the $90,000 mark. The market value of BTC has reached $1.8 trillion.

In the 40 hours leading up to the $90,000 mark, Bitcoin was fluctuating around $87,000. In the 24 hours prior to reaching $90,000, the daily trading volume of BTC surged to $92.99 billion, demonstrating the immense interest and confidence of investors in Bitcoin. As of November 13, Bitcoin ETFs collectively hold $94.02 billion, accounting for 5.31% of the BTC market value. Among these ETFs, the most famous, BlackRock’s IBIT, reached a market value of $40 billion in just 211 days, with $10 billion accumulated in the last two weeks. The scale of IBIT has surpassed all 2,800 ETFs launched in the past decade. IBIT represents the direction of the world’s smartest money, and its success proves that the world’s top investors are increasingly focusing on Bitcoin.

For Bitcoin miners, benefiting from the rise in gas fees and the price increase, they are enjoying significant cashing benefits, with the value of SHA256 hash rate per second reaching its highest peak in 153 days. It is expected that the difficulty of Bitcoin mining will have a slight adjustment on November 18. Miner fellows, please always pay attention to the fluctuations in the price and mining difficulty. If you are enjoying the bull market and planning to safely expand your mining scale or upgrade your mining plan, please contact us at the first time to get the most suitable mining solution for you. We have a long-term holding of a large amount of spot/future WHATSMINER M60 series / M50 series / M30 series, ANTMINER S21 series, and other various brands and models of BTC ASIC and DOGE ASIC!

Finally, BITMARS would like to remind everyone that all investments carry risks, so decisions should be made cautiously.

BITMARS is an internationally renowned crypto miner trading company. We provide comprehensive, professional, timely, and cost-effective miner purchasing and hosting services to maximize your wealth!