Bitcoin has surged approximately 6.75% to a new all-time high of around $81,845 on November 11, 2024, driven largely by the election of Donald Trump as President-elect. His pro-crypto policies and commitment to making the U.S. a global leader in digital assets are energizing the market. Following his reelection, Bitcoin exchange-traded funds (ETFs) have seen inflows of $2.28 billion, with a record high of outstanding derivative contracts totaling $48.64 billion, reflecting increased speculation in the futures market. Analysts suggest that Bitcoin could reach $100,000 by Inauguration Day on January 20, 2025, based on historical ETF trends and current market conditions. The price could potentially rise to $300,000 by 2026 if it successfully breaks out of a significant technical pattern observed in its price history. Overall, current market dynamics suggest a bullish trend, although risks remain for investors.

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