Bitcoin has recently achieved historic highs, notably posting its largest daily gain, soaring over $8,400 in just 24 hours to approach the $90,000 mark. This surge marks a significant recovery, with Bitcoin up over 28% over the week, trading above $88,006 as of November 12, 2024. The record daily gain surpasses its previous best from August 2021, indicating heightened demand for risk-on assets, particularly after Donald Trump's election victory. Analysts attribute this rally to favorable crypto regulations and expectations for improved monetary policy under Trump’s leadership. Additionally, the US Bitcoin exchange-traded funds (ETFs) have seen substantial inflows, with $1.1 billion recorded on November 11 alone. The combination of increasing ETF volumes and an engaged market could see Bitcoin's price continue to soar, even suggesting possibilities of reaching the $1 million mark if economic policies stimulate liquidity. This moment underscores Bitcoin's growing prominence in the financial landscape, highlighting its appeal amid shifting regulatory frameworks.

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