Bitcoin

Momentum

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-surpasses-100000-mark-today" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Surpasses $100,000 Mark Today</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoins-bull-run-reevaluation-by-expert-peter-brandt" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.bitcoinhaber.net/cryptocurrency-market-experiences-sharp-downturn-as-bitcoin-drops-8" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>), the leading cryptocurrency, has achieved a remarkable milestone by exceeding the $100,000 threshold for the first time since its inception nearly 15 years ago. The cryptocurrency peaked at $103,670, boosting its market capitalization to approximately $2 trillion. Despite a brief dip below $102,000 due to profit-taking during trading hours in Asia, Bitcoin is showing a resurgence in value.</p>
<h2 style="text-align: justify" id="strong-what-factors-drive-bitcoin-s-surge-strong"><strong>What Factors Drive Bitcoin’s Surge?</strong></h2>
<p style="text-align: justify">The recent spike in Bitcoin’s price is largely attributed to significant institutional interest and record inflows into Bitcoin ETFs. On Wednesday, net inflows reached $533 million, with BlackRock’s IBIT ETF crossing $50 billion in net assets for the first time. This trend indicates a growing attraction among institutional players, increasing the potential for further price growth.</p>
<h2 style="text-align: justify" id="strong-can-the-momentum-be-sustained-strong"><strong>Can the Momentum Be Sustained?</strong></h2>
<p style="text-align: justify">Market experts are divided on whether this upward trajectory will continue. While some believe that hitting the $100,000 mark might signal a peak, others point to positive indicators that suggest a sustained uptrend. Nick Ruck, Director at LVRG Research, mentioned that even if long-term investors decide to sell, the attention generated by Bitcoin’s rapid ascent could prompt new buying activity.</p>
<p style="text-align: justify">Key Insights:</p>
<ul>
 <li>Bitcoin’s market cap has reached $2 trillion.</li>
 <li>Institutional demand and substantial ETF inflows are pivotal to the current surge.</li>
 <li>Seasonal trends and ETF interest may further influence price dynamics.</li>
 <li>High volatility is expected at this price level, necessitating cautious investment practices.</li>
</ul>
<p style="text-align: justify">The cryptocurrency market remains dynamic, with Bitcoin’s recent achievements showcasing its resilience and appeal. The ongoing interest from institutional investors and potential seasonal patterns could play a crucial role in determining Bitcoin’s future price movements.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-surpasses-100000-mark-today" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Surpasses $100,000 Mark Today</a></h5>

Bitcoin Surpasses $100,000 Mark Today

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