CandleFocus Bitcoin Nears $98,000, Just 2% Away From Six Figures
2024-11-21
Author: Content Editor
Bitcoin prices reached $97,765 in early trading in Asia on November 21, representing a 40% gain since the US presidential election earlier in the month. Industry experts and analysts are highlighting the supply shock, as demand for BTC exceeds supply. More than 20 million BTC have been mined, with estimates suggesting that 4-5 million are lost forever, and one million are in Satoshi wallets. Bitcoin ETFs currently hold one million BTC, and MicroStrategy is on its way to holding 400,000 BTC. As Bitcoin dominance increases, hitting 61.5% on November 21, altcoins are experiencing losses, while the total crypto market cap has reached an all-time high of $3.28 trillion.
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