Bitcoin Approaches $100K: Will the Rally Sustain?

1 min read
Source: Benzinga
Bitcoin Approaches $100K: Will the Rally Sustain?
Photo: Benzinga
TL;DR Summary

Bitcoin is nearing the $100,000 mark, sparking mixed reactions in the cryptocurrency community. While Bitcoin sees a slight increase, Ethereum is down by 2.1%, and Dogecoin is up by 3.7%. Large transaction volumes and daily active addresses are on the rise, with significant transactions over $100,000 increasing notably. Despite this, exchanges' netflows have decreased. Market data suggests a high probability of Bitcoin reaching $100,000 soon, with traders shifting focus from altcoins to Bitcoin. Meanwhile, notable developments include Trump Media's potential digital wallet plans and Charles Schwab's preparation for spot cryptocurrency trading.

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