TC cryptocurrency continues to surge in order to achieve the Bitcoin all-time high price of $100,000. In the early hours of Friday, Bitcoin managed to cross the
$99,000 milestone getting closer and closer to its target.
But it’s important to mention that at the time of writing, Bitcoin is still trading at $98,894, but is expected to trade the new cryptocurrency mark later this Friday.
However, besides the BTC price trading, the whole cryptocurrency market is now burning, having a market cap of $3.4 trillion which surpasses France’s GDP of $3.17 trillion. But BTC recorded the highest increase currently, increasing its price from $96,000 to almost $99,000 in less than a day.
Also, it’s worth mentioning that other cryptocurrencies experienced a growth in price in order to follow the Bitcoin lead. So, ETH (Ethereum) increased by 9% and SOL (Solana) surged by 11,4%. For the USDT (Tether) the price remains steady for now, recording just a few changes in price.
Other cryptocurrencies, such as Dogecoin, Cardano, Monero, and many others, also experienced significant price increases. This crypto flow is mostly due to several factors, which included the recent launch of Bitcoin ETFs, representing a trademark filing made by Trump’s media company in order to have a crypto payments service. Also, a major factor was Michael Saylor's company, MicroStrategy, which promoted the BTC to Microsoft.
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“Bitcoin now faces key resistance at USD 99,950, and breaking this level could push it past USD 100,000. Support remains strong at USD 95,000,”, the co-founder and CEO of Mudrex, Edu Patel stated.
It’s true that currently, the cryptocurrency market continues to grow significantly, and we are excited to see the next Bitcoin all-time high price. Stay tuned for more updates!
By
Alice Brasoveanu
•
November 22, 2024 7:00 AM
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