The post Bitcoin Dips on Path to $100K – Which Is The Best Crypto to Buy Now? appeared on BitcoinEthereumNews.com.

The market has made it loud and clear that the bull run has arrived, but that doesn’t mean BTC will have smooth sailing from here on out. While the world’s largest cryptocurrency is inching closer to the $100K level, it recently experienced a minor dip of 0.39% in the last 24 hours. While there are some reds on the intraday charts, the overall trend is green, leaving people to question whether it is the best crypto to buy now. Is Bitcoin the Best Crypto to Buy Now – Yes and No Bitcoin is currently trading above its $96K support and has a market capitalization of $1.91 trillion. The minor dip in the last 24 hours is the result of a small sell-off, because despite the bullishness, the market continues to be volatile. But this volatility is less likely to impact the rising channel Bitcoin is on. The only reason it could move down is if it breaks below $94K, its key support level—and even then, a “buying the dip” opportunity could be created, since history has shown that the community is willing to work hard to maintain a bull run. Furthermore, considering the massive institutional interest and progressive regulations backing Bitcoin, it is possible that the world’s largest crypto will hit a new high soon. One of the core reasons is Strategy’s new $84 billion Bitcoin investment plan, which will massively increase the firm’s already large Bitcoin holdings—currently worth $37.9 billion. Other firms are also stepping up with their intentions to bolster their Bitcoin holdings. Japan-based MetaPlanet has issued $24.8 million in bonds to buy more Bitcoin and plans to raise $250 million for additional BTC purchases. Twenty One Capital will soon go public with a $3.6 billion SPAC merger and aims to operate as a Bitcoin-centric holding company. Morgan…

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Filed under: News - @ May 3, 2025 4:22 pm