U.S. Demand Fuels Bitcoin's Surge Towards Historic $100,000 Mark
by aria-crypto.com
November 24, 2024 at 08:33
U.S. Demand Fuels Bitcoin's Surge Towards Historic $100,000 Mark
Bitcoin has been on a relentless upward trajectory, recently reaching a near all-time high of $99,800 as it approaches the significant $100,000 milestone. Despite several attempts, BTC has not yet breached this critical level but remains buoyed by strong demand and bullish market sentiment. The Coinbase Premium Gap, indicating a $224 higher price on Coinbase compared to other exchanges, suggests robust purchasing by U.S. investors, hinting at their pivotal role in this rally. This high premium reflects a willingness among Coinbase users to pay more than the global average, signifying strong buyer confidence. Analysts are closely watching Bitcoin's ability to sustain its momentum, with many believing a breakout above $100,000 could happen soon if it maintains key support levels. The market remains optimistic, viewing the $100,000 threshold not just as a psychological barrier but as a potential springboard for further gains. As the rally continues, the crypto community awaits with bated breath to see if Bitcoin can surpass this landmark level and set new records.
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