CandleFocus Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying
2024-12-04
Author: Content Editor
Bitcoin (BTC) made a sudden surge towards $100,000, nearing a milestone price that it has been unable to break through in recent weeks. The surge coincided with a spike in the "Coinbase Premium," indicating strong demand among U.S. investors. The rally also followed positive comments from Federal Reserve Chair Jerome Powell and the nomination of a crypto-friendly figure to run the Securities and Exchange Commission. However, BTC has been facing resistance at the $100,000 level, suggesting that multiple attempts may be needed to break through.
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