Bitcoin has set a new record, nearing a significant psychological milestone.

On Friday, November 22, the price of Bitcoin set a new record once again. For the first time in history, it surpassed the mark of 99 thousand dollars.

This is evidenced by data from the cryptocurrency exchange Binance. As of 5:20 AM, the price of the cryptocurrency was 99,199 dollars. However, it later fell below 99 thousand dollars.

As writes Forbes, citing data from Coinbase via TradingView, the price of the world's most popular cryptocurrency reached nearly 99,400 dollars. It is noted that favorable market conditions contributed to this increase.

"Currently, sentiment towards Bitcoin is extremely positive: from traders, media, retail investors, and large institutions: everyone wants to be part of the genuine growth, which, in my opinion, may just be beginning," said Mark P. Bernegger, co-founder of the crypto fund AltAlpha Digital.

At present, the digital asset is fluctuating very close to the key psychological level of 100,000 dollars. Analysts believe that exceeding this price could have significant implications for the markets and trading.

"Based on previous experience, realized volatility in an upward direction tends to attract investor attention, which is still relatively low when examining historical Google search trends for 'Bitcoin.' This could potentially drive further growth of Bitcoin above the 100,000 dollar mark before the inauguration and in the first quarter of 2025," stated Patrick Liu, head of institutional sales at Gemini.

Let us remind you that the presidential elections in the USA have sharply pushed up the price of the world's leading cryptocurrency – Bitcoin (Bitcoin/BTC). The market reacted to the preliminary election results in the USA by breaking the 75 thousand dollar price mark for Bitcoin.