At new record highs, Bitcoin now has a market cap of almost US$1.8 trillion. The post Why did the Bitcoin price just rocket to another all-time high? appeared first on The Motley Fool Australia.

The Bitcoin market has been bullish for some time, and the Wednesday session has been more of the same, although it was in a consolidated fashion. After all, following a move like we have seen, it makes a lot of sense that we work off some of the froth.

Bitcoin reached an all-time high above $89,000 on Monday, amid enthusiasm that digital assets may face a more friendly regulatory environment after Donald Trump, who is considered pro-crypto, won the U.

Flows into spot bitcoin ETFs are hitting all-time highs as the leading cryptocurrency's price continues its climb.

Bitcoin climbed to over $90,000 by about 9:30 a.m. EST, or 2:30 p.m. Greenwich Mean Time (prices for the constantly traded crypto market are most commonly referenced in GMT).