Bitcoin hits $100K: Why BTC price hit a new all-time high
Bitcoin has set a new all-time high of $104,000 on Coinbase, setting the cryptocurrency loose into price discovery — so where is it heading next?
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Bitcoin has set a new all-time high of $104,000 on Coinbase, setting the cryptocurrency loose into price discovery — so where is it heading next?
Bitcoin has rallied 126% since January to reach $100,000, driven by Bitcoin ETF demand, April’s halving and Donald Trump’s US election win.
Bitcoin could rise to the $110,000 mark if it manages to breach $98,000, resulting in more buyer demand for the world’s first cryptocurrency.
Government participation in crypto hasn’t always had great outcomes for the space, with the SEC under the Biden administration causing plenty of headaches for firms.
According to data from CryptQuant, there is currently less than 2.5 million Bitcoin available for purchase on digital asset exchanges.
If the correlation holds up, Bitcoin price could trail the liquidity index to above $110,000 by January 2025, with a potential correction below $70,000 next.
Samson Mow reveals why Bitcoin’s $100,000 milestone could spark explosive growth and lead to “hyperbitcoinization.”
Localized geopolitical conflicts are rising with global risks looming.
Based on the growing global money supply projected to peak at $127 trillion in January 2026, some analysts predict a Bitcoin cycle top above $132,000.
Wealthy investors’ appetite for Bitcoin continues to grow as BTC price is once again eyeing the $100,000 milestone level going into December.
