CandleFocus

Bitcoin sees massive pump and dump in 24 hours, around $100k mark

Author: Content Editor
Bitcoin (BTC) briefly surpassed the $100,000 mark on December 5, but quickly lost it in a 24-hour period of extreme volatility. The price of Bitcoin fluctuated between $98,100 and $104,100 before ultimately returning to a range between $91,950 and $98,000. This volatile movement caused the liquidation of nearly $500 million and affected over 165,000 traders. Despite this recent pump and dump, some analysts remain optimistic about Bitcoin's future, with price predictions ranging from $94,782 to $200,000 by the end of 2025. However, investors should remain cautious and have a solid plan to avoid losses in the volatile market.

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