Bitcoin surges to nearly $99,000 as analysts see stable market conditions

Bitcoin has surged to nearly $99,000, driven by increased demand following the recent election. Analysts note a renewed interest in cryptocurrency, with casual investors asking about it again, similar to past market spikes in 2017 and 2021. Despite the price rally, experts indicate that the market does not show signs of excessive speculation. A key indicator, the "Kimchi Premium," which measures price differences between South Korean exchanges and others, is currently around 0%, suggesting a stable market. Analysts believe the current landscape lacks the "frothiness" seen in previous peaks. They suggest that the recent rally is supported by favorable political conditions, indicating potential for further growth in the market.