Bitcoin set a fresh record at $93,495 as the post-election rally accelerated

Bitcoin’s BTC-USD market reached $93,495 on Coinbase during the 24-hour UTC bucket for November 13, 2024, extending the post-election rally into price territory the asset had never occupied before. The same Coinbase record shows an $88,035.43 opening trade, an $86,220.50 low and a $90,493.82 closing trade for that UTC interval.

Those figures make the session’s shape unusually clear. The UTC close was 2.8% above the open, while the high was 6.2% above the open. Bitcoin also surrendered 3.2% between the intraday high and the final trade in Coinbase’s daily bucket. The calculations are Coinburn’s, rounded to one decimal place; they describe one exchange’s BTC-USD spot market, not a consolidated global price.

A record, with venue differences

Reuters reported a contemporaneous record of $93,480 before bitcoin pared gains. The $15 difference from Coinbase’s $93,495 high is small but important: bitcoin trades continuously across venues, so there is no single official tape or universal close. Axios separately recorded bitcoin at $93,005 late on the morning of November 13 and described the move through $90,000 as a first for the asset in its market framing.

Coinbase’s API places a $90,100 high in the preceding UTC bucket for November 12. That means claims about the precise instant of the first $90,000 trade depend on exchange, timezone and data convention. The strongest date-specific conclusion is narrower: November 13 produced a fresh all-time high above $93,000 across multiple contemporaneous records.

The milestone mattered because it turned a political repricing into a measurable break from bitcoin’s previous trading range. Reuters linked the rally to expectations that President-elect Donald Trump’s incoming administration would be favorable to cryptocurrencies. That was market interpretation on November 13, not proof that any policy change had occurred. The election result altered expectations; the new administration had not yet taken office, and campaign positions were not enacted rules.

The institutional channel was active

U.S. spot bitcoin exchange-traded funds supplied a second piece of context. Farside Investors’ issuer-by-issuer table records estimated net inflows of $510.1 million for the November 13 U.S. trading session. Its same table shows $1.1141 billion on November 11 and $817.5 million on November 12, for a Coinburn-calculated three-session total of $2.4417 billion.

The ETF figures cover U.S.-listed spot bitcoin products and are stated in U.S. dollars. They are compiled daily estimates, may be revised, and do not align perfectly with bitcoin’s round-the-clock UTC market. They show that the regulated fund channel was receiving substantial net capital during the rally, but they cannot establish that ETF creations caused any particular price print.

What the milestone established

By the end of Coinbase’s November 13 UTC bucket, bitcoin remained above $90,000 despite the retreat from $93,495. That combination—a record high, a lower close and a wide $7,274.50 intraday range—captured both sides of the event. The market was repricing quickly around anticipated policy change and strong fund demand, while still displaying the venue fragmentation and volatility that make a single headline price incomplete.

The verifiable development is therefore not a forecast about where bitcoin would go next. It is that BTC-USD set a new Coinbase high of $93,495 on November 13, independently corroborated near the same level by contemporaneous reporting, while U.S. spot bitcoin ETFs registered another positive-flow session.