Bitcoin’s rally shows no signs of slowing down, with the leading cryptocurrency crossing the $98,000 mark and hitting a new all-time high. This is evident from data from the crypto tracking platform Coin geckoBitcoin reached $98,310 on Thursday, marking a historic milestone.

This remarkable ascent follows the debut of Bitcoin ETFs (exchange-traded funds) options earlier this week – a milestone in the cryptocurrency industry. The launch of these options represents a pivotal moment as it bridges the gap between the decentralized world of digital assets and traditional finance. By offering institutional investors – or the so-called “big fish” – a more trusted and regulated way to access Bitcoin, these ETFs are expected to drive adoption and liquidity in the market.

Bitcoin’s continued strength underlines its growing appeal among a broader range of investors, cementing its position as a major player in the evolving global financial landscape. The Bitcoin rally that gained momentum following Donald Trump’s victory in the presidential election will not slow down. Market analysts and enthusiasts alike suggest that the cryptocurrency’s climb to the long-awaited $100,000 milestone now seems not only achievable, but potentially imminent.

Other major cryptocurrencies are also rising

Bitcoin’s rally is lifting the broader cryptocurrency market to new heights, with several leading digital assets also experiencing significant upward momentum. Ether (ETH), the second largest cryptocurrency by market capitalization, is trading at $3,300, marking an impressive 7% increase in the last 24 hours.

Other major players are also riding the wave. Solana (SOL), Dogecoin (DOGE), Cardano (ADA) and Shiba Inu (SHIB) have all recorded gains in the range of 2%-3% over the same period.

This widespread market revival highlights the interconnected nature of the crypto space, where Bitcoin often sets the pace for other digital assets. As enthusiasm builds across the board, these altcoins are attracting more and more attention from investors eager to capitalize on the bullish sentiment sweeping the market.