Bitcoin's Rollercoaster: Will It Break the $100K Barrier Soon?

27.11.2024 17 times read 0 Comments

'Bitcoin $100K' - Was So Near, Yet So Far. What's Next?

According to Investopedia, Bitcoin's price recently surged close to the much-anticipated $100,000 mark but has since retreated to around $92,000. The cryptocurrency reached an all-time high of over $99,500 before profit-taking by new investors caused a pullback. Despite this setback, companies like MicroStrategy continue purchasing bitcoin in large quantities, which could support prices moving forward.

Bitcoin Retreats From Resistance At $100K

Investor's Business Daily reports that Bitcoin fell below the critical resistance level of $100,000 and is now trading at approximately $91,500. This decline follows significant outflows from spot Bitcoin ETFs amounting to about $435 million on Monday alone. Meanwhile, short Bitcoin ETFs have seen record inflows as traders hedge against potential downside risks.

Why The Bitcoin Price Falling 8% In 4 Days Means We Could Break $100K Sooner Than You Think

A report from Cryptonews suggests that despite recent declines in Bitcoin’s value due to market volatility following Trump's tariff announcements and other geopolitical factors, these corrections are considered healthy for long-term growth prospects, potentially leading to breaking past the elusive hundred-thousand-dollar barrier sooner than anticipated.

Here Are Three Promising Altcoins for the Next Crypto Market Bounce

The Daily Hodl highlights opportunities within altcoin markets amidst current BTC fluctuations with promising projects such as POPCAT showing resilience even during downturns, while Celestia (TIA) continues gaining traction among top-performing digital assets readying themselves ahead of another bullish phase once stability returns across broader crypto landscapes globally speaking.

How Trump’s Proposed Tariffs Could Affect Crypto

An article on crypto.news discusses how President Donald Trump's proposed tariffs might impact cryptocurrencies indirectly through increased economic uncertainty, leading more people to seek refuge in decentralized financial systems, including popular choices like Bitcoin, given its perceived safe-haven status amid turbulent times. The overall outlook remains cautiously optimistic regarding future developments in the rapidly changing landscape.

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