Bitcoin Nears $100,000 as Six-Day Rally Powers 2025 Surge: Details
The post Bitcoin Nears $100,000 as Six-Day Rally Powers 2025 Surge: Details appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Bitcoin, the first and largest cryptocurrency by market capitalization, is edging closer to $100,000 for the first time in 2025, following a remarkable six-day gain. Bitcoin has had a phenomenal start to the year, gaining traction as positive optimism spread throughout the cryptocurrency market. At the time of writing, Bitcoin is trading up 1.27% in the last 24 hours to $99,021 after reaching intraday highs of $99,888, just shy of the $100,000 mark. Bitcoin began to rise from lows of $91,887 on Dec. 31 and has continued into the new year; Bitcoin has marked six straight days of gains since this date and would mark its seventh, assuming today closes in green. Related Bitcoin touched record highs of $108,268 on Dec. 17, 2024. However, the rally faded shortly thereafter, likely due to year-end profit-taking and hawkish Fed rate predictions. BTC/USD Daily Chart, Courtesy: TradingView As Bitcoin makes another push beyond $100,000, expectations are rising in the cryptocurrency market. According to crypto analyst Michael Van de Poppe, “Bitcoin is grinding upwards to the crucial breakout level,” and a break above $100,000 might result in a new ATH in January. What’s happening? MicroStrategy, a Bitcoin development firm, intends to raise $2 billion in preferred stock offerings in the first quarter of 2025 to fuel additional Bitcoin purchases. Metaplanet, a…
Filed under: News - @ January 6, 2025 12:28 pm