CandleFocus Expert Commented on What’s Next for Bitcoin Price After $100,000 Hurdle
2024-12-06
Author: Content Editor
Bitcoin reached a new all-time high of $103,844, surpassing $100,000 for the first time. FED Chairman Jerome Powell stated that Bitcoin competes with gold rather than the US dollar. Institutional involvement, as seen through inflows into Bitcoin and Ethereum ETFs, is driving the current momentum, but individual investors may soon shift their focus to altcoins. Memecoins like Dogecoin have enduring appeal for new cryptocurrency users, serving as an accessible entry point into the crypto space. Regulatory clarity and institutional adoption are needed for sustained momentum in the medium to long-term. Recent ETF approvals and ongoing regulatory changes are seen as crucial steps towards a more mature market.
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