The price of Bitcoin today, 23/11/2024, is holding steady above the $98 level, while continuing to flirt with a possible rise to the $100 zone soon. The asset reached a new level after breaking a price barrier and setting a new all-time high yesterday at $99,486.10. After reaching the ATH, the largest cryptocurrency did not sustain the level and retreated to the current zone.
With the recent price surge, investors are expecting Bitcoin to hit the $100 zone soon. Renowned cryptocurrency analyst Ali Martinez observed that $1.89 billion will be liquidated if the price of Bitcoin jumps to the $100,625 level. Market experts believe that the largest crypto asset has great potential to reach this level during this cycle.
At the time of publication, the price of Bitcoin was quoted at $98,447.13 without change in the last 24 hours, equivalent to approximately R$570,281.21 BRL and €94,363.31 EUR. In its weekly development, the asset showed significant growth, bringing its gains to almost 8% in the last seven days.
Source: TradingView
Amid the bullish outlook, the prices of several cryptocurrencies are exploding today. Dogecoin (DOGE), Cardano (ADA), and Polkadot (DOT) are all recording price increases of over 22% in the last 24 hours. In the same period, Stellar (XLM) has surged 53.1% and is leading the gains today among the top 100 cryptocurrencies in the market.
Similarly, following Bitcoin’s recent move, most major cryptocurrencies are seeing significant price developments in the last 24 hours. Ethereum is trading at $3,356.67 with a 0.6% increase in its price. XRP is trading at $1.52 with an 8.6% increase. Solana is down 0.3% and is trading at $257.49.
Bitcoin and cryptocurrencies have been on the rise again this week, driven by the industry’s outlook for US President-elect Donald Trump’s stance on the cryptocurrency sector in his next term.
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Bitcoin (BTC)
Cryptos