Bitcoin’s recent bull run continues as it surpassed $90,000 on Nov. 12, driven by confidence from traders and boosted by reduced profit-taking relative to past peaks. This marks a 40% surge since mid-October, with analysts and traders alike remaining optimistic that the digital asset’s rally is far from over.
Half of Historical Profit-Taking Volumes
According to crypto analytics firm Glassnode, “realized profit volumes” have averaged $1.56 billion daily since Bitcoin broke its previous all-time high, significantly below the $3 billion seen in prior cycles. The data suggests that many investors are holding, creating less pressure for a downturn as demand continues.
Post-Election Market Surge
Bitcoin reached $85,000 on Nov. 11 following Donald Trump’s 2024 election win, rallying $8,400 in a single day and peaking at $90,100 before cooling to $87,534. Swan Bitcoin CEO Cory Klippsten noted that Bitcoin’s ability to hold its price despite thin weekend trading volumes reflects growing market strength and resilience.
Strong Bullish Sentiment
Investor confidence remains high, with prominent voices predicting further gains. Robert Kiyosaki, author and entrepreneur, stated he would continue buying Bitcoin until it exceeds $100,000. Others, like WealthSquad’s Chris and Anthony Pompliano, also project a bullish trajectory, with Pompliano emphasizing the contrast between Bitcoin’s growth and U.S. debt expansion.
Bitcoin’s rally reflects not only strong momentum but also optimism for its long-term value, even as it approaches record highs.
I am Toby Rothschild, Co-Founder of Spearmint and author at Coinography, and a strategist focused on advancing Web3 innovation, digital ecosystems, and the future of decentralized technology. I combine product thinking, creative leadership, and deep interest in emerging trends to help shape how individuals and organizations interact with the next generation of digital systems.
My work centers on understanding how blockchain, AI, and digital identity are reshaping global industries. At Spearmint, I help lead the direction of initiatives that bring clarity, structure, and meaningful user experiences to complex technological environments. I focus on bridging vision with execution, ensuring that innovation remains practical, scalable, and aligned with long-term growth.
As an author at Coinography, I create insights that translate fast-moving Web3 developments into clear, useful narratives. I explore topics such as decentralized governance, digital identity, creator economies, token models, protocol design, and the shifting cultural patterns around emerging technology. My aim is to make digital transformation more understandable and approachable for a wider audience.
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