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Bitcoin has finally struck six figures, surging past $100,000 for the first time ever as whales took back control of the market. Ethereum is edging closer to the $4,000 mark, while new viral memecoin <a href="https://yetiouro.io/" target="_blank" rel="noopener noreferrer nofollow">Yeti Ouro</a> (YETIO) continues to attract investors in its ongoing presale.
Bitcoin Price Hits $100,000
Bitcoin has finally crossed the line and hit $100,000, a critical level that it has been aiming for over the past two weeks. The top crypto has been on a parabolic rise this year, surging over 130% year-to-date as continued institutional accumulation and Donald Trump’s rise to power gave it a new lease on life.&nbsp;
BTC price rose to an all-time high of $103,475 on Thursday, giving it a total market capitalization of $2.05 trillion, which made it more valuable than Facebook, Tesla, and Warren Buffett’s Berkshire Hathaway. It has since then dipped slightly, which was expected after its spirited rise, but it’s expected to maintain its upward momentum for the rest of the year.
To fully appreciate Bitcoin’s rise, it’s worth noting that two years ago, in December 2022, the top crypto traded just below $17,000. Skepticism was high, and investment was low, with many mainstream media outlets claiming that BTC was finally dead. Fast-forward two years, and now the crypto is worth twice as much as Berkshire Hathaway, the investment giant whose founder <a href="https://finance.yahoo.com/news/warren-buffett-says-wouldnt-pay-175917403.html" target="_blank" rel="noopener noreferrer nofollow">Warren Buffett said</a> he wouldn’t pay $25 for all the BTC in the world.
While Trump’s election was the final spark to the $100,000 level, a lot of this year’s bullish momentum has been down to institutional accumulation, according to Standard Chartered.
“Institutions have net-bought 683,000 bitcoins YTD, via US spot ETFs…a significant 245,000 of these inflows have occurred in the weeks since the US election … This has helped to propel BTC through the USD 100,000 level,” the <a href="https://www.cnbc.com/2024/12/05/the-road-to-100000-whats-behind-bitcoins-storied-2024-run.html#:~:text=%E2%80%9CInstitutions%20have%20net,to%20clients%20Thursday." target="_blank" rel="noopener noreferrer nofollow">bank recently stated</a>.
As BTC soars, Ethereum price is edging closer to the $4,000 level, hitting a seven-month high of $3,950 on Thursday. The last time ETH price traded above this level was in March, and it was quite short-lived. The largest altcoin has also benefitted significantly from institutional accumulation following the launch of spot ETFs in the US. Ether bulls continue to accumulate the token as they aim for a big end to what has been a special year for the crypto.
Bull Rally Draws Investors To Yeti Ouro
The Bitcoin and Ethereum rallies are leading investors to explore other avenues for even higher gains in the bull market, and new viral memecoin project Yeti Ouro has emerged as a leading contender.
Yeti Ouro has raised $985,000 in its ongoing presale, with investors purchasing over 82 million tokens at the discounted price of $0.012. Many expect it to become the next Dogecoin rival, and this price offers an ideal entry point into one of the most promising projects in the crypto space.
Yeti Ouro’s play-to-earn game, Yeti Go, makes it more than just a memecoin. Yeti Go is built by leading minds in the gaming world, drawn from the teams that developed Call of Duty, Spiderman, The Witcher 3 and other iconic titles. It’s built using Unreal Engine, making it immersive and engaging.
In Yeti Go, players compete on a racing track, where the goal is to outwit each other and dodge obstacles to emerge victorious. Winners are rewarded with YETIO tokens; the token is also used to purchase weapons and customizations and for staking to unlock exclusive rewards. YETIO’s supply is capped at a maximum of one billion tokens, and 5% is allocated to the token-burning mechanism.
Join the Yeti Ouro Community
Website:<a href="https://yetiouro.io/" rel="noopener noreferrer nofollow"> https://yetiouro.io/</a>
X (Formerly Twitter):<a href="https://x.com/yetiouro" rel="noopener noreferrer nofollow"> https://x.com/yetiouro</a>
Telegram:<a href="https://t.me/yetiouroofficial" rel="noopener noreferrer nofollow"> https://t.me/yetiouroofficial</a>
Discord:<a href="https://discord.gg/YtUsEZ2ZrV" rel="noopener noreferrer nofollow"> https://discord.gg/YtUsEZ2ZrV</a>
The post <a href="https://www.ethnews.com/bitcoin-bulls-are-back-as-btc-rises-to-100000-eth-whales-look-to-end-year-on-a-high-what-does-this-mean-for-new-viral-eth-token/" rel="noopener noreferrer nofollow">Bitcoin Bulls Are Back As $BTC Rises To $100,000, ETH Whales Look To End Year On A High, What Does This Mean For New Viral ETH Token?&nbsp;</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Bitcoin Bulls Are Back As $BTC Rises To $100,000, ETH Whales Look To End Year On A High, What Does This Mean For New Viral ETH Token?

ETHNews

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