Bitcoin is on the cusp of reaching an unprecedented milestone of $100,000 per coin. Last week, it soared to an all-time high of $99,588 before facing a 7% correction, dipping to $90,791 on Tuesday. By Friday, the cryptocurrency began recovering and is now trading steadily around $97,000.
This momentum is bolstered by political developments, including Gary Gensler’s confirmed exit as SEC chair in January 2025, which has spurred market optimism. Analysts believe this regulatory shift could serve as a key catalyst for Bitcoin to break the psychological $100K barrier.
Facing issue in account approval? email us at info@ipt.pw
Click to Ckeck Our - FREE SEO TOOLS
MicroStrategy CEO Michael Saylor recently reiterated his belief that large financial institutions will increasingly control a significant portion of Bitcoin’s supply. In an interview shared on X and YouTube, Saylor claimed that as corporations and governments displace "crypto-anarchists," the Bitcoin network will become more secure and stable.
Saylor on Government Seizure Risks
Addressing concerns about the risk of government seizure as more Bitcoin is held by third-party custodians, Saylor stated, "When Bitcoin is held by unregulated entities or crypto-anarchists, it increases the risk of
Saylor on Government Seizure Risks
Addressing concerns about the risk of government seizure as more Bitcoin is held by third-party custodians, Saylor stated, "When Bitcoin is held by unregulated entities or crypto-anarchists, it increases the risk of
Bitcoin is approaching critical price levels that could trigger a massive short squeeze, potentially driving the price upward. According to a prominent market analyst, approximately $10 billion worth of short positions are set to be liquidated if Bitcoin hits the $66,200 level. This event could create a chain reaction, accelerating Bitcoin's upward trajectory as traders scramble to cover their positions.
Further Liquidation Zones at $70,300 and $72,578
If Bitcoin surpasses the $66,200 mark, the next significant level lies at $70,300, where another $16 billion in short positions will be liqu
Further Liquidation Zones at $70,300 and $72,578
If Bitcoin surpasses the $66,200 mark, the next significant level lies at $70,300, where another $16 billion in short positions will be liqu
Since Bitcoin hit a new peak in March, major holders of the cryptocurrency have been reducing their activity. According to blockchain analytics firm Santiment, high-value Bitcoin transactions have seen a notable decrease. The firm reported a 33.6% drop in weekly transactions over $100,000 since mid-August, a stark contrast to the surge earlier this year.
In March, there were 88,163 weekly transactions of $100,000 or more, but by mid-August, this number fell to 58,539. This decline in large transactions might indicate a temporary market shift, though analysts suggest it may not necessarily
In March, there were 88,163 weekly transactions of $100,000 or more, but by mid-August, this number fell to 58,539. This decline in large transactions might indicate a temporary market shift, though analysts suggest it may not necessarily