Bitcoin price exceeds $97,000 as futures market signals continued growth

Bitcoin's price surged past $97,000 late Wednesday, breaking its previous high of $95,000. This increase follows a year of significant volatility, driven by U.S. spot ETF listings and the start of options trading on these products. In the last 24 hours, over $100 million in liquidations occurred, primarily affecting short sellers. Analysts indicate that the futures market shows no signs of overheating, suggesting a stable upward trend. Market optimism has been fueled by a Republican election victory, leading to expectations of favorable regulation. Analysts predict Bitcoin could exceed $100,000 by December and potentially reach $200,000 by the end of 2025.