BTC/USD: Bitcoin on Cusp of $90,000 as Fierce Bull Market Pumps Crypto to Record $3 Trillion

OG crypto was last seen closing in on the formidable $90,000 milestone, boasting a valuation of $1.8 trillion in a $3 trillion market.

• Bitcoin prices BTCUSD were on the cusp of flipping above $90,000 for the first time ever Tuesday morning. Traders are FOMO’ing in hard as the OG token has enjoyed heavy buying momentum with pent-up demand finally unleashed following Donald Trump’s spectacular election win. Now, it’s off to the races — how high can Bitcoin go? $90,000? $100,000? Possibly, according to some bullish analysts who see more room to the upside.
• With prices now way above Bitcoin’s previous record near $73,000, the crypto is in full price discovery mode, seeking its next record stop. Tuesday morning, the flagship digital asset rose as high as $89,650 per token, adding a whopping 32% to its valuation since Election Day on November 5, and boasting a $1.8 trillion valuation. In other words, more than $400 billion have trickled into Bitcoin’s market cap. But it’s not the only winner.
• Ethereum, the second-largest token, has pumped even more — a whole 42% to cross $3,400 earlier today for the first time since late July. The all-time high, however, sits at $4,870 and dates back to November 10, 2021. Dogecoin, another huge winner, surged more than 100% to break above 40 cents, largely thanks to strong backing by Elon Musk. What’s more, the entire crypto market cap hit a record $3.2 trillion before slipping back under the $3 trillion mark.