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Bitcoin surpasses US$100,000 for the first time this year, driven by market optimism
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THE Bitcoin surpassed the mark US$ 100 thousand for the first time this year on the afternoon of this Monday (06), reflecting the growing optimism of investors after a historic performance in 2024.
According to data from the CoinGeckothe price of BTC reached the peak of $102,480 before retreating slightly to US$102,121 at the time of writing. Despite the daily increase of 4.2%, the value of the largest cryptocurrency in the world is still far from the historical record of $108,135.
This Monday’s movement marks the end of a period of almost three weeks in which the Bitcoin remained below this psychological barrier, after a drop in 5.6% in a single day, in December 18.
To the other cryptocurrencies are also operating on the risedriven by BTC. THE Ethereumfor example, rose 2.3% to US$3,714 and the XRP also jumped 3.3% to $2.44. BNB and Solana they also appreciated more than 4% on the day.
Bitcoin surpasses US$100,000 again
The crypto market, as well as global stock indices, suffered a significant impact with the announcement of the Federal Reserve on the review of its projection of future cuts in interest rates, still in December.
Although the trading scenario continues to be described as “mixed”, according to the report from the digital investment research firm 10x Researchthe outlook remains positive. According to analysis published on Sunday, Bitcoin is “cruising in a tactical trading range.” In this way, it is offering opportunities for strategic positioning, instead of presenting a clearly bullish trend.
Another factor that is generating expectations in the market is the president-elect’s plan donald trump to implement a Bitcoin strategic reserve in the United States after his inauguration, in January 20th. The proposal involves the government retaining approximately 210 thousand Bitcoinsevaluated in US$21 billionaccumulated mainly through seizures linked to crimes.
The initiative is aligned with the Bitcoin Act of 2024presented by Senator Cynthia Lummiswhich suggests that the US Treasury and the Federal Reserve acquire 1 million Bitcoins over five years. This is equivalent to 5% of the total offer of BTC in the world.
Bitcoin surpasses US$100,000 for the first time this year, driven by market optimism
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Bitcoin surpasses US$100,000 for the first time this year, driven by market optimism
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Bitcoin surpasses US$100,000 for the first time this year, driven by market optimism
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Bitcoin surpasses US$100,000 for the first time this year, driven by market optimism
