Galaxy Research Director: Bitcoin hit new all-time highs several times this week, but does not show any signs of "overheating"

Bitcoin has hit new all-time highs several times this week, but it has not shown any signs of being "overheated", and multiple analysts have pointed out that some fundamental factors indicate that Bitcoin may rise further. "From a fundamental perspective, the market does not appear to be overheated," said Alex Thorn, head of research at Galaxy, in a market report on November 7. Aurelie Barthere, an analyst at crypto analytics firm Nansen, expressed a similar view. "Bitcoin's breakout of all-time highs on high trading volume is a clear signal of continued positive momentum after the election," Barthere explained in a market report on November 7. Barthere pointed out that after Donald Trump won the U.S. presidential election on November 5, traders began to "re-risk", which was reflected in the recent upward trend in the crypto market. (Cointelegraph)