Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin Price Nears $100,000

Bitcoin Price Nears $100,000

CoinspaidmediaCoinspaidmedia2024/11/23 00:00
By:Coinspaidmedia

Bitcoin is setting new all-time highs (ATH), coming close to the $100,000 mark. The crypto market capitalization surpassed $3.44 billion.

Bitcoin Price Nears $100,000 image 0

As of 12:30 p.m. (GMT+2), Bitcoin reached its historical peak at $99,486, according to CoinGecko, less than three hours ago, followed by a minor pullback. However, many indicators suggest that the $100,000 milestone will be achieved soon.

Glassnode analysts attribute Bitcoin’s surge to capital inflows into spot ETFs based on the asset. According to Bloomberg, as of November 21, the net assets of U.S. spot Bitcoin ETFs exceeded $100 billion for the first time.

Additionally, on November 21, trading volume in the U.S. for assets included in the Bitcoin Industrial Complex index, which tracks spot Bitcoin ETFs, MicroStrategy (MSTR), and Coinbase (COIN), surpassed $70 billion, setting a new record. This data was shared by Bloomberg analyst Eric Balchunas.

Further price drivers include initiatives by Donald Trump’s team directly or indirectly related to the cryptocurrency market. One of the most impactful developments is Gary Gensler’s announcement of his resignation as Chair of the U.S. Securities and Exchange Commission (SEC) on January 20, 2025, coinciding with the inauguration of the new president.

The Fear and Greed Index hit 94 points, signaling “extreme greed” among traders and marking its highest value since February 2021. Over the past 24 hours, the index rose by 12 points. The index considers factors such as Bitcoin volatility and trading volume (25% each), social media and survey sentiment (15% each), Bitcoin dominance, and search trends (10% each).

Amid this backdrop, the cryptocurrency market as a whole is also experiencing record growth, with its capitalization exceeding $3.446 billion. Bitcoin’s dominance index is hovering around 60%, while all top-20 altcoins are showing positive trends.

It’s worth noting that Bitcoin’s rally and the broader cryptocurrency market’s surge began following Donald Trump’s victory in the U.S. presidential election.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

BlockDAG Rises as Toncoin and SUI Stumble on Weak Momentum

- - August 2025 crypto market shows divergent trends as Toncoin and SUI struggle with price declines and weak technical indicators, while BlockDAG's $386M presale gains momentum. - - Toncoin (TON) trades at $3.24 with 15.21% lower volume, facing critical support levels below $2.80, while SUI ($3.45) risks breaking key $3.50 support amid shrinking liquidity and bearish on-chain data. - - BlockDAG (BDAG) at $0.03 leads bullish momentum with 2,900% ROI projections, 25.5B coins sold, and 20 exchange listings,

ainvest2025/08/30 04:03
BlockDAG Rises as Toncoin and SUI Stumble on Weak Momentum

Dogecoin News Today: Dogecoin's Meme Legacy Meets Corporate Finance in $500M Treasury Push

- Bit Origin, a Singapore-based firm, launched a corporate Dogecoin treasury after securing $500M in funding, signaling growing institutional adoption of the meme coin. - CEO Jinghai Jiang cited Dogecoin's fast settlement speed, strong community, and Elon Musk's endorsement as key factors for its strategic value in digital finance. - Dogecoin's price rose 4.5% and Bit Origin's shares surged over 80% as markets reacted positively to the initiative and potential SEC ETF approvals. - The move highlights shift

ainvest2025/08/30 04:03
Dogecoin News Today: Dogecoin's Meme Legacy Meets Corporate Finance in $500M Treasury Push

The Fed’s Legal and Political Uncertainty: Implications for Currency and Commodity Markets

- Trump administration's attempts to politicize the Fed, including term-limit proposals and Lisa Cook's removal, trigger legal battles and global confidence erosion. - Gold surges to $3,413 as central banks diversify reserves away from the dollar, now accounting for 23% of global holdings amid declining dollar dominance. - Cryptocurrencies gain traction as inflation hedges, with 60-70% of institutional crypto portfolios allocated to Bitcoin and Ethereum due to Fed politicization. - Dollar's foreign exchang

ainvest2025/08/30 04:00
The Fed’s Legal and Political Uncertainty: Implications for Currency and Commodity Markets

Ethereum’s Strategic Reorganization and UX-Driven Scaling as a Catalyst for Long-Term Value

- Ethereum restructured leadership in 2025 with a dual model (Shia Wang/Tomasz Stańczak) to balance technical expertise and decentralization, aligning with institutional governance demands. - The Pectra upgrade introduced 11 EIPs, including blob capacity expansion and validator stake flexibility, enhancing scalability while reducing fees by 37% in ETH terms. - Institutional adoption surged post-CLARITY Act, with $33B ETF inflows and 2.7M ETH ($10.1B) in diversified portfolios, leveraging Ethereum's staking

ainvest2025/08/30 04:00
Ethereum’s Strategic Reorganization and UX-Driven Scaling as a Catalyst for Long-Term Value