Bitcoin has once again sent ripples of excitement across the cryptocurrency domain by claiming the highly ambitious price mark of $100K. At press time, the token is sitting at $103K, establishing a new price dominion for the market to follow and adhere to. As the king of cryptocurrencies soars, investor sentiment seems positive, with anticipation concerning how high Bitcoin can truly surge this December. Will it be able to touch new highs before Christmas?
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Bitcoin $100K Milestone
The cryptocurrency market is experiencing one of its most flourishing phases as of yet. The leading crypto token Bitcoin has taken the market by surprise by claiming the coveted $100K price mark at press time. The token is steadily sitting at $103K, with mounting hopes of it claiming another exceptional high soon.
November and December were particularly beneficial for Bitcoin, as BTC noted spectacular price hikes and a change in its price trajectory.
As the pro-crypto regime took over the US with Donald Trump leading the election rally, the overall market sentiment changed for the better, with hopes of the new presidential elect paving a new way for the cryptocurrency domain to thrive.
Per Ali, a notable cryptocurrency analyst, nearly $114 billion has poured into the cryptocurrency market in the last 30 days, showing how bullish investors are as the market expands and soars to new highs.
At the same time, BTC has officially claimed the $2 trillion market cap, emerging as the 7the most valuable asset in the world.
“BREAKING: #Bitcoin officially hits $2 TRILLION in market cap for the first time in history. This comes just 5 minutes after Bitcoin crossed the historic $100,000 level. Bitcoin is now the 7th most valuable asset in the world.”
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The Token’s Price Path This December?
As per CoinCodex, Bitcoin may surge to hit another high of $107K around Christmas 2024.
Image: CoinCodex
The portal predicts that BTC to claim a new milestone of $113K by the end of December 2024.
Image: CoinCodex
“According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 14.40% and reach $ 113,146 by January 3, 2025. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 78 (Extreme Greed). Bitcoin recorded 19/30 (63%) green days with 10.18% price volatility over the last 30 days. Based on the Bitcoin forecast, it’s now a good time to buy Bitcoin.”
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