#BTCBreaks99K Bitcoin rose above $98,000 for the first time on Thursday.

This marks a 46% increase since Donald Trump was announced as the winner of the 2024 U.S. presidential election.

Bitcoin-related stocks experienced the most trading volume in their history on Wednesday, with more than $50 billion in assets exchanging hands.

Three more publicly traded companies have announced their intention to use bitcoin as a treasury reserve asset.

Despite all this activity, Galaxy Digital CEO Mike Novogratz says a correction in bitcoin's price is coming.

This month, bitcoin also has gone from strongly correlated with gold to having an inverse correlation with the precious metal.

Bitcoin (BTCUSD) briefly surged past $99,000 Thursday, creating another price record as investors, big and small, can't seem to get enough of the cryptocurrency