Bitcoin, the primary crypto asset has surged to a staggering $89,000 price level in the wake of the recent bull run sweeping through the crypto market.
The Flagship cryptocurrency has surged by 9.4% in the last 24 hours and a whopping 29.6% in the last 7 days.
According to Coingecko’s data, Bitcoin is currently exchanging hands for $89,123 just $1,000 shy of a major milestone of $90,000
The Bitcoin rally started during the United States Election week and intensified after Donald Trump was announced as the winner of the election.
However, several analysts have pointed out that the current bull run is quite euphoric and temporary. They warned that traders should be cautious about buying further during the market euphoria citing impending volatilities and Price correction.
Bull run described as Market Euphoria by Analysts
Several analysts and crypto founders have given their opinions on the current bull run in the market, especially in the case of the Bitcoin rally.
Azeem Khan, the…