Bitcoin climbed to $96,816 according to Bitbo data, marking its highest price since Nov. 14, 2025.
The move came as 24-hour trading ranged from $92,026 to $96,816, with about 412,910 BTC in volume, or roughly $39.89 billion.
Price and market snapshot
At the time of the update, bitcoin traded around $96,484, with a market capitalization near $1.92 trillion.
Bitcoin remains 23.59% below its all-time high of $126,277.05 set on Oct. 6, 2025.
ETF activity and flows
U.S. spot bitcoin ETF trading volume already totaled about $1.25 billion, just 30 minutes into the trading day.
BlackRock’s IBIT accounted for roughly $976.92 million, or 77.69% of that total.
Geopolitical risk backdrop
The rally also comes as geopolitical tensions between the United States and Iran escalate sharply, adding to broader macro uncertainty across global markets.
President Donald Trump this week announced a 25% tariff on countries trading with Iran, a move that analysts see as both an economic pressure tactic and a signal of potential military escalation.
Iranian officials have said Tehran is prepared for either “war or dialogue,” while U.S. personnel have begun withdrawing from some Middle East bases as a precaution.
Regional diplomats and Israeli officials have warned that the likelihood of a U.S. strike has increased, though timing and scope remain unclear.
