Bitcoin is down to $88,000 after reaching its ATH at $93,000 a day before. Bitcoin has had a bullish momentum after the 2024 presidential results, and it is up 35% in the past month. However, it has dropped since then and is fluctuating between 88,000 and 89,000 according to data by Coinmarketcap.

Despite its recent rally to new highs, Bitcoin still has short-term potential as well as long-term appeal. The cryptocurrency's performance has undoubtedly caught the attention of seasoned investors and newcomers alike.