Bitcoin’s all-time high is about to reach 100k by New Year!
Bitcoin has always been the market-leading cryptocurrency. Despite the recent volatility, the leading token has reached highs again and beat the market!
The price of Bitcoin is currently close to the level of USD 55,000. This portrays loud feedback to cryptocurrency believers. As the crypto community continues to speculate whether the crypto bull market is over, BTC price movements seem to answer.
Based on Bitcoin’s current performance, analysts believe that the price of BTC will soon double to $100,000. In addition, they even believe that if Bitcoin maintains its bullish efforts, it can achieve the $100,000 milestone by the end of this year!
The Bitcoin price is currently US$54,028.77, and the 24-hour trading volume is US$48,104,804,285. In addition, the flagship cryptocurrency has risen by 8.8%, and its market capitalization is US$1,023,445,123,707.
These historical data still make BTC the leading cryptocurrency in the market.
Bitcoin’s overall recent updates
Bitcoin and other cryptocurrencies have risen sharply this year, despite concerns that China will take repressive measures and the United States may introduce more stringent regulatory measures.
This is due to factors such as rising interest rates and more extensive financial companies investing in digital currencies.
The value of all bitcoins in circulation now exceeds $1 trillion again—more than the market value of Facebook (FB). The total circulation of all cryptocurrencies is US$2.3 trillion, which matches the market value of the most valued stock: Apple (AAPL).
In the current bullish pattern of BTC, analysts suggest a scenario showing the inventory-to-flow model of BTC. To clarify, the model shows that by December, BTC may even soar to $135,000.
In fact, if Bitcoin maintains its bullish trend and reaches a price of $100,000 from now on, the crypto community will not be surprised.
Get the latest economy news, trading news, and Forex news on Finance Brokerage. Check out our comprehensive trading education and list of best Forex brokers list here. If you are interested in following the latest news on the topic, please follow Finance Brokerage on Google News.