Bitcoin is heading to break the 100 000 USD mark
- Strong price growth: bitcoin $BTCUSD has approached USD 100,000, supported by favorable macroeconomic factors such as a weakening dollar and an improving inflation environment.
- The impact of inflation: December data suggests falling inflation, reinforcing expectations that Fed to start cutting rates in the year 2025.
- Institutionalizing cryptocurrenciesGrowth in popularity ETF of cryptocurrency-focused ETFs and wider adoption by institutional investors are fueling bitcoin's growth.
- Key level: Investors are watching anxiously to see if bitcoin can the psychological threshold of $100,000 which could attract new investors and boost market sentiment.
I'm watching it too and the volatility is pretty high on BTC right now. Let's see when BTC looks above 100,000 again.
Any tips on such ETFs?
Yesterday was again very positive and today it also looks like growth. BTC hasn't gotten very far from that 100,000 mark, so a pullback is definitely possible for me in the near term.