Bitcoin hits record high: BTC just under $92,000

Since the US election and Donald Trump's victory, Bitcoin has been unstoppable. Will BTC soon reach $100,000?

The price of Bitcoin, the leading crypto currency, reached a new record of $91,981, according to data from Coinbase. In the past 24 hours, the BTC price rose another 5.8 percent.

Bitcoin's market capitalization now stands at $1.8 trillion, with BTC defending its spot in the top ten most valuable assets in the world. It now ranks eighth, just ahead of silver. The entire crypto market is also showing huge price increases, resulting in a total market capitalization of about $3 trillion. The Fear & Greed Index is at 84 points, indicating "extreme greed."

Whether the Bitcoin price will continue to move up remains to be seen. A temporary correction may occur as investors cash in their profits.