CandleFocus Bitcoin tops $98,000 as rally gains momentum
2024-11-21
Author: Content Editor
Bitcoin broke past $98,000 for the first time ever, showing no mercy to bears and hitting a record high of $98,370 on Coinbase. With its price up 5.5% in 24 hours, Bitcoin's market cap now exceeds $1.94 trillion. Market conditions, including demand for spot Bitcoin ETFs and the launch of ETF options, suggest Bitcoin is poised for a breakout above $100,000. The cryptocurrency has seen a jump of over 30% in two weeks and over 46% in the last month. Analysts believe that once Bitcoin breaks above $100k, the big fear of missing out (FOMO) will begin. Additionally, Bitcoin's recent rise has been attributed to the US election results and President-elect Donald Trump's pro-crypto stance.
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