Bitcoin, the leading cryptocurrency by market cap, recently hit a new record high of $97,836, according to CoinGecko data.  

The leading cryptocurrency is up by nearly 6% over the past 24 hours, with its market cap now approaching the $2 trillion mark. 

The recent rally comes after massive inflows recorded by Bitcoin ETF products on Wednesday. BlackRock's IBIT alone recorded $626.5 million in fresh money. Fidelity’s FBTC also recorded $134 million in fresh inflows. 

The odds of Bitcoin reaching the $100,000 level this November have now surged to as high as 81% on popular betting site Polymarket. 

Bitcoin is already up roughly 40% this November after 20 days 

However, major altcoins have failed to catch the bullish wave. Dogecoin (DOGE), Cardano (ADA), Shiba Inu (SHIB), and other high-profile alternative cryptocurrencies are actually in the red. 

Ethereum (ETH), the flagship altcoin, is up only by a mere 0.5% over the past 24 hours despite the impressive gains logged by the leading cryptocurrency. 

Meanwhile, the ETH/BTC pair has now plunged to its lowest level since March 2021. 

As reported by U.Today, prominent trader John Bollinger recently described Ether's underperformance as a worrying sign. 

However, the underperformance of altcoins could be the next opportunity, according to analyst Chris Burniske. 

“Seen it happen repeatedly, with new reasons sprouting each time for why a rotation won't happen again -- and yet, just as Earth spins, we'll rotate,” he said. 

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