Bitcoin’s Ascent: The $100,000 Threshold Approaches

The world’s leading cryptocurrency is on the verge of a historic breakthrough. Surging past $99,000, Bitcoin is rapidly closing in on the psychologically significant $100,000 level—a price point many considered unattainable just months ago. Yet, beneath the market’s euphoria, cautionary signals are emerging. While institutional capital floods in, the Bitcoin network itself is displaying surprising signs of weakness. Can the rally sustain its momentum, or is a significant correction imminent?

The outcome of the U.S. presidential election on November 5 has injected fresh optimism into the cryptocurrency sector. Donald Trump’s victory, coupled with his campaign rhetoric about establishing a strategic national Bitcoin reserve akin to the country’s gold Read more...