Bitcoin price is now just 17% away from surpassing the $100,000 mark, which could occur before the end of 2024 due to Trump’s presidential victory, analysts told Cointelegraph.
Bitcoin Price news
Bitcoin picked up momentum and soared above $84,500, pulling several altcoins higher.
Bitcoin bullishness is boiling over as market participants appear to dismiss the odds of a major BTC price capitulation.
Trader and investor Michaël van de Poppe says many in the crypto community underappreciate the impact of America’s ballooning debt.
Increasingly more analysts expect Bitcoin to breach the $100,000 mark before the end of 2024 as investor appetite was bolstered by Trump’s presidential victory.
A long-dormant string of code called OP_CAT could be the secret to unlocking the true potential of Bitcoin for DeFi and see it surge past Ethereum DeFi in the future.
The latest weekly crypto inflows of nearly $2 billion mark the fifth consecutive weekly inflows totaling $7.7 billion, or 24% of the total $31.3 billion inflows year-to-date.
With Bitcoin’s all-time high of $81,000, its market cap has surpassed $1.6 trillion, fueling crypto’s ongoing bull market.
Bitcoin brings the heat to risk assets as rapid new all-time highs spark widely varied BTC price targets.
About $180 million in short positions have been wiped as Bitcoin hit another new all-time high of $81,358.