CandleFocus Bitcoin Rebounds at $97K Despite Falling BTC Market Share
2024-12-02
Author: Content Editor
Bitcoin (BTC) is showing signs of recovery after a previous dip, reaching $97,585 and briefly breaking through the $98,000 mark. Its 24-hour trading volume has surged by 16.12% to $37.92 billion, and its market cap has increased by 1.39% to $1.93 trillion. Bitcoin could surpass Alphabet (Google) in market cap if this trend continues. Technical indicators suggest there is still room for growth. Traditional investors are returning to Bitcoin ETFs, with U.S. spot Bitcoin ETFs seeing inflows of $137.49 million. Bitcoin's market share has fallen to 56.75%, while altcoins have experienced a strong upward trend, gaining momentum as investors diversify their portfolios.
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