Bitcoin (BTC) made a sudden surge towards $100,000, nearing a milestone price that it has been unable to break through in recent weeks. The surge coincided with a spike in the "Coinbase Premium," indicating strong demand among U.S. investors. The rally also followed positive comments from Federal Reserve Chair Jerome Powell and the nomination of a crypto-friendly figure to run the Securities and Exchange Commission. However, BTC has been facing resistance at the $100,000 level, suggesting that multiple attempts may be needed to break through.
- Content Editor ( coindesk.com )
- 2024-12-04
Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying