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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-surges-past-108000-mark" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Surges Past $108,000 Mark</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/bitcoin-price-surges-over-44000-as-open-interest-grows-despite-potential-cme-gap-at-39700" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> has reached new heights, surpassing the $108,000 threshold. With discussions circulating about the potential to hit $110,000 before the year’s end, experts suggest that even loftier goals are becoming plausible as momentum builds.</p>
<h2 style="text-align: justify" id="what-is-driving-bitcoin-s-surge">What is Driving Bitcoin’s Surge?</h2>
<p style="text-align: justify">The surge in Bitcoin’s value is largely attributed to anticipation surrounding the Federal Reserve’s forthcoming interest rate announcement. As of now, the cryptocurrency’s price has exceeded $108,250 and shows no signs of slowing down, with many traders eyeing the $110,000 target. However, traders are cautioned that such rapid increases can trigger significant liquidity issues that may lead to sharp corrections.</p>
<h2 style="text-align: justify" id="can-bitcoin-maintain-its-momentum">Can Bitcoin Maintain Its Momentum?</h2>
<p style="text-align: justify">Bulls are currently showing optimism, having successfully held support at $104,000 after breaking through the $102,500 resistance level. While QCP does not foresee drastic gains by the close of the year, the positive outlook points towards a potential new cycle peak ranging between $110,000 and $120,000.</p>
<p style="text-align: justify">Recent market activity has seen $159 million in short positions liquidated, contributing to a total of $314 million in liquidations overall. Additionally, Ethereum has yet to reach a new peak above $4,000, which would encourage optimism among altcoin enthusiasts. Meanwhile, open futures positions have increased by 3%, and spot market volume has risen by 15%, surpassing $200 billion.</p>
<ul>
 <li>Bitcoin has surpassed $108,000 and aims for $110,000.</li>
 <li>Recent liquidations total $314 million, indicating market volatility.</li>
 <li>Spot market volume has exceeded $200 billion.</li>
</ul>
<p style="text-align: justify">The ongoing developments suggest a dynamic market environment where traders must navigate both opportunities and risks associated with rapid price movements in Bitcoin and other cryptocurrencies.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/bitcoin-surges-past-108000-mark" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Surges Past $108,000 Mark</a></h5>

Bitcoin Surges Past $108,000 Mark

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