Bitcoin (BTC) Briefly Hits a Fresh All-Time High of $76,872 Before Retreating

Notable Statistics: Notable Developments: Top Gainers: Trader Notes: Trader Smileycapital cautioned that “less is more” and predicts a “wealth effect” from increasing valuations in Bitcoin, Ethereum and Solana to trickle down to small-cap cryptocurrencies.

Bitcoin briefly hit a fresh all-time high of $76,872 on Thursday morning before pulling back, as financial markets continue to rally in the wake of Donald Trump winning a second term in office.

Cryptocurrency markets saw another day of gains on Thursday, with Bitcoin (CRYPTO: BTC) briefly hitting a fresh all-time high of $76,872 on Thursday morning before pulling back.

The price of Bitcoin rose to a high of $76,872 at 9:10 a.m. EST on Thursday morning before quickly pulling back. The price of Bitcoin was last seen trading at $75,233, up 1.04% over the past 24 hours.

Bitcoin price briefly hit a fresh all-time high on Thursday morning.

Several other cryptocurrencies also hit new all-time highs on Thursday morning, including Solana (CRYPTO: SOL), which hit a high of $268.08 before pulling back.

Other cryptocurrencies that hit new all-time highs on Thursday morning include NEAR Protocol (CRYPTO: NEAR), which hit a high of $16.07, and Polygon (CRYPTO: MATIC), which hit a high of $3.02.

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