CandleFocus Binance's CZ Makes Major Statement as Bitcoin Hits $86K
2024-11-11
Author: Content Editor
The price of Bitcoin has reached a new record high of $86,800 on the Bitstamp exchange, showing impressive gains and currently trading at $86,104. Former Binance CEO Changpeng Zhao commented on Bitcoin entering its new price discovery phase, suggesting that it has achieved mainstream acceptance. The cryptocurrency's rise has been fueled by growing demand for spot ETF products and discussions about the US adopting Bitcoin as a treasury reserve asset. Technical analyst Larry Tentarelli believes that new record highs indicate unlimited upside potential, while Katie Stockton predicts the leading cryptocurrency could surge to as high as $98,000 after a short pause.
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