Bitcoin Surges Past $90K Amid Market Optimism and Policy Shifts
TL;DR Summary
Bitcoin's recent surge past $93,000 has sparked discussions about its potential to reach $100,000, driven by four key metrics including derivatives data and US dollar outlook. Despite some miners taking profits, the market remains optimistic, with a 13% futures premium indicating bullish sentiment. The launch of a $54 billion Bitcoin ETF and macroeconomic conditions, such as US Treasury yields and a crypto-friendly US administration, further support the potential for continued price gains.
- Bitcoin price metrics forecast rally to $100K and above — Here's why Cointelegraph
- Stock Market News, Nov. 13, 2024: Bitcoin Tops $90,000; Nasdaq Edges Down After CPI Report The Wall Street Journal
- Why crypto mania is reaching new heights The Economist
- Bitcoin rises above $90,000 on Trump euphoria Reuters
- Bitcoin Briefly Tops $93,000 on Trump Agenda, Fed Policy Outlook Bloomberg
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