Bitcoin climbed above 79,000 dollars, a fresh record supported by data from Binance. The surge reflects renewed interest from traders and investors as price momentum intensifies across the market.
At 08:18 Moscow time, Bitcoin traded around 79,281 dollars. The move highlights ongoing appetite for the leading cryptocurrency, with buyers stepping in across major exchanges.
On November 8, Bitcoin first reached the 77,000-dollar level in a sustained rally, marking a notable milestone on the current price trajectory.
Bitcoin is a decentralized digital currency that operates on blockchain technology. In this system, participants can mine Bitcoin by validating transactions and adding new blocks to the distributed ledger.
Financial analyst Mikhail Belyaev, a Candidate of Economic Sciences, forecasts that the near term may push the Bitcoin rate toward 80,000 dollars, possibly around the US elections. If that level is overcome, a correction would likely begin after 80,000, with the longer term path toward 100,000 dollars becoming plausible but not immediate.
Earlier, Bitcoin reached a new record, climbing to about 76,203 dollars. In Russian rubles, the price stands near 7.5 million per BTC.
Some market observers speculate about a path to one million dollars per Bitcoin within the next decade. The ultimate rate will depend on policy moves by the United States and Chinese central banks, along with regulatory developments that shape the crypto landscape.
Russia’s Ministry of Finance has previously estimated the budget impact of mining taxes, underscoring how regulatory measures can influence crypto activity and the broader economy.