Bitcoin reached an ATH of $89,900 on Tuesday. Profit-taking transactions are soaring as traders attempt to sell at the top. According to Santiment’s data, some holders are realizing profits as the current euphoria is high, though as intense as in mid-March, when Bitcoin was in its previous all-time high cycle.

It has been rising since Republican candidate Trump won last Tuesday's US presidential election over sentiment that he will ease regulations on digital currencies.

Bitcoin price reaches a new all-time high of $82,471 on Monday, following a rally of almost 17% the previous week. US spot Bitcoin ETFs experienced inflows of $1.61 billion last week following Trump’s victory and the Fed interest-rate cut.