Bitcoin hit another all-time high yesterday, for the fifth time in November. The crypto currency continues to rise, approaching the $100,000 mark (about 94,000 euros).

Since the election of Donald Trump as president of the United States on Nov. 6, 2024, Bitcoin has reached five new ATHs. In the past seven days, the value has risen 4.9%, and currently stands at $93,820 (about 88,500 euros).

The market capitalization of Bitcoin, the largest crypto currency, has risen to $1.83 trillion (about 1.73 trillion euros). This puts Bitcoin firmly in the top 10 most valuable assets in the world, before silver and oil producer Saudi Aramco, in spot seven.

The broader crypto market is also showing growth, with a total market capitalization of about $3.1 trillion (about 2.93 trillion euros). The Fear & Greed Index stands at 90 points, indicating "extreme greed."

Whether the Bitcoin price will rise further remains to be seen. A temporary price correction is possible, as investors may want to take profits. Still, there are indications that the price could rise further soon and even break the $100,000 mark (about 94,000 euros) this month.

Why does Bitcoin continue to grow?

There are several reasons for Bitcoin's recent growth:

Donald Trump's election victory promises a new era for crypto. Trump is known for his positive attitude toward Bitcoin and other digital currencies.
The US Federal Reserve (Fed) cut interest rates again in November, which has historically been beneficial for cryptocurrencies.
Bitcoin spot ETFs, approved in January 2024, have led to an increase in institutional investors buying Bitcoin. Since September 2024, the numbers are again increasing sharply, sometimes reaching records.

In addition, Bitcoin experienced a halving this year, an event that occurs every four years. This involves halving the amount of newly issued Bitcoin. Since the halving, daily BTC production has dropped from 900 to 450. This means that in ten days, instead of 9,000 BTC, only 4,500 BTC is put into circulation. Historically, a halving almost always leads to a price increase, usually about 100 days after the event. Because of these factors, many experts believe a new bull market has begun.