Bitcoin has reached $95,000 on Coinbase, breaking its previous all-time high with nearly $78 billion in trading volume in the last 24 hours. This surge follows the trading of spot Bitcoin ETF options for BlackRock's iShares Bitcoin Trust, enabling traders to speculate on the fund's price movements. The optimism has been fueled by a recent SEC approval of a spot ETF and favorable political developments, including a Republican presidential win promising to boost the industry. Analysts predict this momentum could push Bitcoin past $100,000 by year's end, with estimates suggesting it might reach $120,000 by early 2025 due to increased retail interest and Bitcoin's strong performance.
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