# Bitcoin Breaks $90K

*Author: David Christopher*
*Published: Nov 13, 2024*
*Source: https://www.bankless.com/de/bitcoin-breaks-90k-crypto-hits-3-18t-market-cap*

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Bitcoin has surged past $90K, hitting $91.5K, as ETF inflows, optimism about Trump’s election, and the easing cycle provide it strong momentum. 

## What's the Scoop?
- **Annual Growth**: The asset is up [~25% over](https://www.coingecko.com/en/coins/bitcoin) the past 7 days and over 115% this year —more than doubling from its January 1 price of $42K.
- **Market Context**: Crypto’s total market capitalization peaked above $3.18T, breaking its November 2021 record of $3.07T.
- **ETF Flows and Sentiment**: Continued inflows into Bitcoin ETFs and optimism following Trump's re-election have further bolstered the rally.

## Bankless Take:
We’re in the period of the cycle where every day is historic as Bitcoin explodes past all-time highs. With less than 10% to go til we hit $100K, the excitement is electric as massive ETF inflows show *huge* appetite for Bitcoin, even at these highs. The momentum here is real, and all signs point to Bitcoin driving this bull run to heights we’ve yet to imagine.

![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/11/Xnapper-2024-11-13-10.44.54.png)