CandleFocus Is Bitcoin Ready to Hit 100K After Reaching a New ATH 99.3K?
2024-11-22
Author: Content Editor
Bitcoin (BTC) reached a new milestone, breaking $99.3K for the first time, with a 24-hour increase of 4.4%. Its market cap climbed to $1.96 trillion, representing 59.2% of the global crypto market cap, which surged to $3.31 trillion. Trading volume also jumped by 31.25% in the past day, totaling $103 billion. Whales have been actively accumulating BTC. Spot Bitcoin ETFs recorded $396.56 million in inflows, and U.S. Bitcoin ETFs surpassed $100 billion in total assets held. MicroStrategy added $4.6 billion worth of BTC to its holdings, and CME Bitcoin futures open interest reached record highs. Bitcoin's technical indicators point to bullish momentum, but caution is advised as a price correction remains possible.
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