Bitcoin Makes a New All-time High of $94,040

TL;DR

• BTC has reached an all-time high above $94k after rallying on Tuesday.

• The positive performance came after spot bitcoin exchange-traded funds options went live.

BTC Hits a New All-time High of $94k

After consolidating over the last few days, Bitcoin rallied on Tuesday to hit a new all-time high of $94,040. The leading cryptocurrency by market cap added more than 1% to its value.

The rally comes after spot Bitcoin exchange-traded funds options went live in the United States. Spot bitcoin ETF options are now live on the Nasdaq exchange, allowing investors to gain more exposure to the leading cryptocurrency.

Bitcoin has slightly retraced and now trades above $92,500 per coin. While Bitcoin is in the green, most altcoins are underperforming. Ether has lost 1% of its value and now trades above $3,100 per coin.

Solana’s SOL is the worst performer amongst the top 10 cryptocurrencies by market cap, losing 3.3% of its value in the last 24 hours. The total cryptocurrency market cap stands at $3.23 trillion, down 1.4%.