CandleFocus Bitcoin holds strong above $100k as corporate executives offload stocks
2024-12-13
Author: Content Editor
Bitcoin continues to demonstrate resilience and maintain its momentum despite a record sell-off by corporate executives in traditional markets. The cryptocurrency is trading above the $100,000 mark and even reached a 24-hour high of $102,528. Data shows that 99% of Bitcoin holders are in profit, while 71% have held their assets for over a year, indicating long-term conviction. The surge in Bitcoin's price appears to be fueled by fresh capital inflows and institutional interest. Despite executives selling stocks at record levels, Bitcoin remains largely unaffected with minor profit-taking and quick recoveries.
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