Bitcoin (BTC) edges slightly down on Thursday and trades at around $74,900 after hitting a new all-time high (ATH) of $76,400 on Wednesday, buoyed by the victory of the crypto-friendly candidate Donald Trump in the US presidential election.
Bitcoin price today: $74,900 Bitcoin rallied to a fresh all-time high of $76,400 on Wednesday as crypto-friendly candidate Donald Trump won the US presidential election. Institutional demand returned on Wednesday, with a $621.90 million inflow in US spot Bitcoin ETF s. Profit-taking and realized losses remain minimal compared to the volume seen during the previous all-time high, suggesting room for further upside.
It is currently trading at an ATH value of $656 billion, supported by a net 30-day capital inflow of $2.5 billion. Bitcoin: Realized Cap chart. Source Glassnode “The explosive wave of profit taking into the March ATH culminated with a peak realized profit volume of +$3.1B. As the market digested this move over the last seven months, realized profit and loss volumes both subsided towards an equilibrium position. This suggests a complete reset of supply and demand forces has occurred.
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