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New ATH in Bitcoin, Very Close to $100K! Here is the New Record and What You Need to Know!

New ATH in Bitcoin, Very Close to $100K! Here is the New Record and What You Need to Know!

BitcoinsistemiBitcoinsistemi2024/11/21 04:00
By:Elif Azra Güven

Bitcoin (BTC) price is experiencing a fresh rise and with this momentum it climbed to a new all-time high of $95,690.

The price of the leading cryptocurrency Bitcoin (BTC) is experiencing a new rise and with this momentum it climbed to a new all-time high of $95,690.

BTC is currently up 4% in the 24-hour period to $95,600. It would take about a 4.7% increase to reach $100,000.

With this rise in Bitcoin, the ETH/BTC parity also fell below 0.033, reaching a new low since April 2021.

Bitcoin dominance is at 61.4%.

Along with the rise in Bitcoin, there was also a large amount of liquidation.

There was a liquidation of $393 million in the cryptocurrency market in the last 24 hours.

Of these, $267 million consisted of long positions, while $126 million consisted of short positions.

Bitcoin ranked first with $77.4 million, followed by Ethereum and Dogecoin (DOGE).

While 149,210 investors liquidated in the last 24 hours, the largest liquidation occurred in the ETH/BTC trading pair on Binance.

New ATH in Bitcoin, Very Close to $100K! Here is the New Record and What You Need to Know! image 0 New ATH in Bitcoin, Very Close to $100K! Here is the New Record and What You Need to Know! image 1

Bitcoin Price Could Reach $125K Before 2025!

BRN analyst Valentin Fournier said in a statement that he expects this upward momentum in Bitcoin to continue and that he believes that Bitcoin will not reach $100,000 before the end of the year, but rather surpass it.

“These increases confirm our thesis of an accumulation phase before the year-end explosion.

If this momentum continues, Bitcoin prices could reach $120,000 before 2025, driven by its solid performance since the US presidential election and increasing retail interest in its long-term potential.”

 

*This is not investment advice.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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