Bitcoin has surpassed the $100,000 milestone, reaching $100,208.88, driving its market capitalization to $1.98 trillion. The overall crypto market also grew by 0.40% to $3.68 trillion. Despite this rally, Bitcoin's trading volume decreased by 50.80%. A significant transaction of 499 BTC worth $50.11 million was transferred to Binance, potentially impacting liquidity and signaling market volatility. Technical indicators suggest a balanced market and positive sentiment, with potential for further upward momentum. Bitcoin faces resistance at $101,000 and has strong support at $97,000. Analysts are optimistic about sustained growth, although trading volume needs to recover. Bitcoin's dominance in the crypto space remains strong and traders are hopeful for a breakout if bullish conditions continue.
- Content Editor ( thenewscrypto.com )
- 2024-12-08
Bitcoin (BTC) Reclaims $100K as Bulls Take Charge