Bitcoin ETF

Bitcoin

Read

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Bitcoin (BTC), the world’s leading cryptocurrency, appears to have initiated a final push for the historic $100,000 level.<a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">Data</a> shows that the BTC price has reclaimed $97,476.16, representing a 2.05% increase in the last 24 hours.
<h2 id="bitcoin-and-month-of-strong-performance">Bitcoin and month of strong performance</h2>
This price level follows Bitcoin’s rebound from a low of $94,729 in earlier trading. As November’s market activity looks set to close in less than 48 hours, Bitcoin appears ready to retest the psychological $100,000 price mark.
Interestingly, despite disappointing investors and traders because it has yet to climb past the anticipated $100,000, Bitcoin's performance remains striking. CoinGlass data reveal that Bitcoin recorded staggering growth this November, or about a 37% rise.
This is the fourth-best month for <a href="https://u.today/billionaire-tim-draper-predicts-bitcoin-might-skyrocket-to-3-million" rel="noopener noreferrer nofollow">Bitcoin</a> in terms of price performance since October 2021. This month’s performance is surpassed only by 44% growth in February 2024 and 40% in January 2023 and October 2021.
This month’s performance is linked to various macroeconomic factors, including rate cuts.
Meanwhile, the expiration of Bitcoin’s options contracts worth $9.4 billion has also nudged the coin up a bit in the market. However, Bitcoin market volume has dropped considerably by 34.48% to $47.10 billion.
This metric signals investors have remained cautious about the coin’s ability to cross $100,000 this cycle.
<h2 id="could-institutional-interest-unlock-100k">Could institutional interest unlock 100K?</h2>
Despite these concerns, analysts believe any shift in market forces could tilt BTC over this historic level that has resisted Bitcoin’s push for a couple of weeks.
For instance, there is a growing rekindling of interest from institutional players. Although <a href="https://u.today/blackrock-bitcoin-etf-scores-0-flow-in-2-days-whats-happening" rel="noopener noreferrer nofollow">institutional enthusiasm</a> for Bitcoin appears to have suffered a decline, renewed interest could act as a catalyst to fuel price action.Spot Bitcoin ETF products are now accessible to investors in the U.S. and other regions.
Regardless of the current price level, the <a href="https://u.today/opinions/bitcoin-price-prediction-2025" rel="noopener noreferrer nofollow">prediction for Bitcoin in 2025</a> suggests that significant growth is possible. Some analysts predict the growth could flow from the remaining days of 2024 and hit a high of $200,000. <a href="https://u.today/bitcoin-btc-makes-final-push-to-100000" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Bitcoin (BTC) Makes Final Push to $100,000

Table of Contents

U_Today

Other articles published on Nov 29, 2024

Cardano Awaits Wave 4, Algorand Targets $1, But This New Best Crypto Presale to Join Now Explodes...

Why Is Ethereum Dominating ETFs This Week?

Super Artificial Intelligence (FET) Price To Hit $2 With A 23% Rally?

Why Whales Are Flooding Millions Into This Solana Memecoin Expected to Eclipse DOGE and SHIB

Experts Say These 3 Cryptos Under $0.5 Could Deliver 10000x Returns, It’s Not Shiba Inu Or Dogecoin

Bitwise Strengthens Crypto Leadership with GXRP Rebrand and Ripple’s Strategic Investment

Join our free newsletter for daily crypto updates!