Bitcoin has just broken past the $98,000 mark for the first time ever, sending crypto traders into a frenzy.
As a result of BTC’s rally, many traders are hunting for altcoins that could explode in the upcoming bull run.
One contender in this regard is Best Wallet’s native token, BEST – which has raised over $600,000 in presale funding in just ten days.
Bitcoin Nears $100K as FOMO Sweeps the Crypto Market
What a week it’s been for the king of crypto.
Bitcoin has been on an unstoppable rally, smashing through all-time highs like they’re nothing.
Earlier today, Bitcoin set a new record price of $98,342, leaving both new and seasoned traders stunned.
That’s a 7% surge in the past week.
The entire market is buzzing, and BTC’s numbers back up the buzz.
Spot trading volumes have exploded, climbing 24% to $94.7 billion in the past day – nearly triple Ethereum’s volume.
Bitcoin’s market cap has also exploded and is now flirting with the $2 trillion mark.
JUST IN: #Bitcoin reaches new all-time high of $98,000 pic.twitter.com/AnyDNkD3S1
— Watcher.Guru (@WatcherGuru) November 21, 2024
Even the coin’s open interest has hit a new all-time high of $32.2 billion.
The FOMO is real, and traders are watching the charts to see if Bitcoin can finally reach $100,000.
MicroStrategy’s Michael Saylor believes it will – tweeting last night that “you do not sell your Bitcoin.”
ETF Inflows & Trump’s Crypto Moves Boost Demand for BTC
A few key factors are contributing to Bitcoin’s surge.
First, U.S. spot Bitcoin ETFs are seeing a massive influx of cash.
Over the past three trading sessions, these ETFs have raked in more than $1.8 billion, with $773 million pouring in yesterday alone.
BlackRock’s IBIT ETF is leading the way, generating $626 million in a single day and pushing its total assets past the $30 billion mark.
Fidelity’s ETF isn’t far behind, adding $133 million to its tally.
But these ETF inflows are only part of the story.
Rumors are swirling that Donald Trump’s TMTG might want to acquire Bakkt, a top crypto exchange.
Reports suggest the deal, if finalized, would be an all-stock agreement, bringing the Bakkt platform under TMTG’s umbrella.
If this acquisition goes through, it would be huge for crypto.
It would expand Trump’s influence in the space and might even help shape his future crypto policy as president.
Unsurprisingly, these developments – ETF inflows and the potential Trump deal – have sent Bitcoin soaring.
Low-Cap Altcoins Like Best Wallet Shine – Could the BEST Token Explode After Presale Ends?
With Bitcoin hitting new highs, shrewd investors are already focusing on the altcoin market, hunting for hidden gems.
And for good reason – when BTC is on a run, altcoins historically tend to follow, often delivering even higher gains.
It’s the classic rising tide effect: Bitcoin’s rally leads to huge attention from investors, causing a spill-over effect into smaller coins.
Suddenly, everyone is looking for the next token that could explode.
One project that’s catching attention in this regard is Best Wallet (BEST).
This new crypto wallet is beginning to go viral on social media – and it’s easy to see why.
With a sleek interface, support for over 60 blockchains, and features like a staking aggregator, Best Wallet is positioning itself as the must-have tool for traders.
Over $600K Raised in the $BEST Token Presale!
The Best Wallet Family is showing up BIG as the market heats up.
Join the presale now to lock in early access – available exclusively in the Best Wallet app!
Download now! https://t.co/he5kzra7TY pic.twitter.com/al0k7jpHPX
— Best Wallet (@BestWalletHQ) November 21, 2024
The market is taking notice.
Best Wallet’s token presale has been an enormous success, allowing investors to grab BEST tokens early at a discount.
The presale has raised over $600,000 in just ten days.
That kind of momentum can send a coin soaring when the market enters a bull cycle.
Some top crypto influencers are excited about BEST token’s prospects, including Crypto Zeus, who praised it to his 80,000+ YouTube subscribers in a video.
So, while Bitcoin is grabbing the headlines, the altcoin underdogs are not to be overlooked.
Best Wallet’s plans, like a crypto debit card and derivatives trading, could set it up for explosive growth.
Visit Best Wallet Token Presale
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