CandleFocus

Bitcoin hits new high above $86,000 on Trump’s victory hype

Summary: Bitcoin has reached a new all-time high of $86,206, contributing to the overall crypto market surpassing $3 trillion for the first time. Ethereum has also broken above $3,300. However, stablecoins USDT and USDC have decoupled from the US dollar and are currently trading around $0.993 each. Retail traders are increasingly participating in the options market, making up 20% of it, which is higher than in 2020. The S&P 500 has climbed 26% this year, accompanied by retail traders' hunger for risk, creating an environment for Bitcoin to thrive.

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