Bitcoin is close to reaching $100,000, currently at $97,476.16 with a 2.05% increase

From Investing.com

November 29, 2024 12:30:23 PM:

Bitcoin (BTC) is making a final push towards the $100,000 mark, currently at $97,476.16 with a 2.05% increase in the last 24 hours. Despite not hitting $100,000 yet, Bitcoin has seen a 37% rise in November, marking the fourth-best month since October 2021.

Various macroeconomic factors, including rate cuts, have contributed to Bitcoin’s strong performance this month. The expiration of $9.4 billion worth of options contracts has also influenced the market, although trading volume has dropped by 34.48% to $47.10 billion.

Analysts believe institutional interest could help Bitcoin surpass $100,000, as renewed enthusiasm from institutional players and the availability of spot Bitcoin ETF products may act as catalysts for price action. Predictions for Bitcoin in 2025 suggest potential growth to $200,000 by the end of 2024.

Read more at Investing.com: Bitcoin (BTC) Makes Final Push to $100,000 By U.Today