Core

Bitcoin

Optimism

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Bitcoin is back on track to $100,000, after a drop in price to $95,800 yesterday.</li> 
 <li>Last week, BTC ETFs recorded over $3.3 billion in inflows and MicroStrategy is expected to buy $3 billion in BTC.</li> 
</ul> 
<p>Bitcoin’s price rebounded today, following a drop to $95,800 levels on November 24. At the moment of writing this article, BTC is trading above $98,200, and has a market cap of $1.94 trillion.</p> 
<figure id="attachment_53851" aria-describedby="caption-attachment-53851" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-25T103624.601.jpeg"><img loading="lazy" decoding="async" class="wp-image-53851 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-25T103624.601.jpeg" alt="BTC price in USD today" width="1200" height="800" title="Bitcoin Price Rebounds Above $98K, Following Yesterday's Dip at $95K Levels 23" srcset="https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-25T103624.601.jpeg 1200w, https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-25T103624.601-300x200.jpeg 300w, https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-25T103624.601-1024x683.jpeg 1024w, https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-25T103624.601-768x512.jpeg 768w, https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-25T103624.601-750x500.jpeg 750w, https://crypto.ro/en/wp-content/uploads/2024/11/BTC_1D_graph_coinmarketcap-2024-11-25T103624.601-1140x760.jpeg 1140w" sizes="(max-width: 1200px) 100vw, 1200px"></a>
 <figcaption id="caption-attachment-53851" class="wp-caption-text">
  BTC price in USD today
 </figcaption>
</figure> 
<p>The digital asset got back on track to the important level of $100,000, fueled by optimism in the industry and the upcoming MicroStrategy buying of $3 billion in BTC, among other factors.</p> 
<h2 id="microstrategy-to-buy-more-bitcoin">MicroStrategy to Buy More Bitcoin</h2> 
<p>The company is expected to invest a significant amount in Bitcoin, after announcing the completion of the $3 billion offering to acquire more BTC last week, on November 21.</p> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" src="https://pbs.twimg.com/media/Gc7_CugX0AAlX1Z?format=jpg&amp;name=large" alt="MicroStrategy via X" width="2012" height="1246" title="Bitcoin Price Rebounds Above $98K, Following Yesterday's Dip at $95K Levels 24">
 <figcaption class="wp-caption-text">
  MicroStrategy via X
 </figcaption>
</figure> 
<p>Michael Saylor said that the company needs to acquire more BTC, after completing their billion-dollar raise, and it’s important to highlight that the last two times he said this, the company bought more coins soon after.</p> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" decoding="async" src="https://pbs.twimg.com/media/GdKFn-hWQAALwRV?format=jpg&amp;name=large" alt="MicroStrategy's latest BTC purchases" width="1108" height="1256" title="Bitcoin Price Rebounds Above $98K, Following Yesterday's Dip at $95K Levels 25">
 <figcaption class="wp-caption-text">
  MicroStrategy’s latest BTC purchases
 </figcaption>
</figure> 
<p>The company’s last purchases were 51,780 BTC and 27,200 BTC.</p> 
<p>The crypto industry sees BTC reaching $100,000 these days, based on multiple optimistic factors, including MicroStrategy’s plans.</p> 
<h2 id="bitcoin-back-on-track-to-100-000">Bitcoin Back on Track to $100,000</h2> 
<p>Last week, the US-based BTC ETFs saw inflows of over $3.3 billion, according to data from <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="nofollow noopener" target="_blank">SoSoValue</a>.</p> 
<p>The most significant day of inflows was November 19 with over $837 million, followed by November 20 with over $796 million.</p> 
<p>The total net assets locked in BTC ETFs were over $107 billion as of November 22, and the total flows in the crypto products since their January launch were over $30.8 billion.</p> 
<figure id="attachment_53852" aria-describedby="caption-attachment-53852" style="width: 100%" class="wp-caption alignnone">
 <a href="https://crypto.ro/en/wp-content/uploads/2024/11/25.png"><img loading="lazy" decoding="async" class="wp-image-53852 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/11/25.png" alt="SoSoValue data" width="1413" height="524" title="Bitcoin Price Rebounds Above $98K, Following Yesterday's Dip at $95K Levels 26" srcset="https://crypto.ro/en/wp-content/uploads/2024/11/25.png 1413w, https://crypto.ro/en/wp-content/uploads/2024/11/25-300x111.png 300w, https://crypto.ro/en/wp-content/uploads/2024/11/25-1024x380.png 1024w, https://crypto.ro/en/wp-content/uploads/2024/11/25-768x285.png 768w, https://crypto.ro/en/wp-content/uploads/2024/11/25-750x278.png 750w, https://crypto.ro/en/wp-content/uploads/2024/11/25-1140x423.png 1140w" sizes="(max-width: 1413px) 100vw, 1413px"></a>
 <figcaption id="caption-attachment-53852" class="wp-caption-text">
  SoSoValue data
 </figcaption>
</figure> 
<p>In the last 24 hours, over $80 million in BTC were liquidated from the market, almost $56.6 million in long positions, and $24.2 million in shorts, <a href="https://www.coinglass.com/LiquidationData" rel="nofollow noopener" target="_blank">CoinGlass</a> data shows.</p> 
<p>Following the latest short pullback over the weekend, the bulls are very strong in the spot market, according to the latest observations made by <a href="https://x.com/GreeksLive/status/1860926697950093564" rel="nofollow" target="_blank">Greeks.live</a>.</p> 
<p>The options market is more stable and major IVs are currently at low levels, making this a good opportunity to buy options.</p> 
<h2 id="upcoming-economic-events-this-week">Upcoming Economic Events This Week</h2> 
<p>Also, important economic events are set to take place this week ahead of Thanksgiving in the US, including the following:</p> 
<ul> 
 <li>Fed will release minutes of the November monetary policy meeting.</li> 
 <li>US initial jobless claims for the week will be released.</li> 
 <li>The US Core PCE price index annual rate for October will be released.</li> 
</ul> 
<p>These are also important economic events that might affect BTC’s price.</p> 
<p>Optimism <a href="https://crypto.ro/en/news/bitcoin-reaches-a-new-ath-above-99k-amidst-increased-optimism-and-adoption/">remains high</a> in the crypto industry, based mostly on the upcoming changes set to take place next year in Washington once Trump’s January inauguration takes place.</p>

Bitcoin Price Rebounds Above $98K, Following Yesterday’s Dip at $95K Levels

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