Bitcoin nears $100,000 mark. Will the crypto milestone be reached soon?
Bitcoin (BTC) traded flat on Monday around the $98,200 mark. On Friday, the cryptocurrency reached a record high of $99,830, fuelled by expectations of a more crypto-friendly regulatory environment under former President Donald Trump.
At 11:01 AM IST, Bitcoin was up 0.05% at $98,270, with analysts speculating that the $100,000 milestone could soon be reached.
The token is up about 45% since Trump's sweeping election victory on November 5, when voters elected a slew of pro-crypto lawmakers to Congress.
“Bitcoin reached an all-time high of $99,588 last week, with market participants eagerly anticipating the psychological $100K milestone. Currently, BTC is trading around the $98,000 level, reflecting mixed market sentiment. While some analysts foresee a potential correction, others remain optimistic about its upward trajectory," said CoinSwitch Markets Desk.
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The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details»«Additionally, current geopolitical tensions, particularly the escalating Russia-Ukraine conflict, should be closely monitored, as they may impact market sentiment and broader financial
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