Bitcoin keeps reaching new heights, recently surpassing $77,000 for the first time ever on November 8. This surge in value is attributed to a positive outlook in the cryptocurrency sector, particularly surrounding the potential victory of Donald Trump in the upcoming U.S. presidential election.

The momentum isn't limited to Bitcoin; Ethereum's ether just breached $3,000 for the first time since August, indicating a broader rally in crypto assets.

Interestingly, despite the thrill of breaking past previous records, Bitcoin's current Google search interest is significantly lower than past peaks observed in November 2021 and March 2024. This suggests we are not yet hitting the euphoria typically associated with such market peaks.

CoinDesk highlights that Bitcoin's price movement has seen considerable profit-taking, with $3.5 billion realized on November 6 alone, indicating strong market activity, albeit lower than previous all-time highs of profit-taking.

Experts suggest that this current rally has the potential for continued growth, supported by a favorable trading environment and increasing interest in cryptocurrencies, though still below the inflation-adjusted valuation of previous records.