CandleFocus Bitcoin rebound and head to $100,000 target price again
2024-12-05
Author: Content Editor
Bitcoin has rebounded to $98,000 after reaching its weekly low of $93,913. Positive sentiments, such as the end of martial law in South Korea and positive nominations within the industry, have contributed to the increase. Fed Chairman Jerome Powell's recognition of Bitcoin as a competitor to gold also adds to the positive outlook. Bitcoin dominance has decreased, while Ethereum has shown an increase and is heading towards its next price target of $4,000. Overall, the crypto market cap is rising.
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