By John Meyer, consultant in financial affairs – Eurasia Business News, January 4, 2025. Article n°1361.

Bitcoin has recently experienced a bullish run, hitting a price of approximately $97,741.74 as of January 4, 2025, at 06:05 AM UTC. This marks a significant moment as the cryptocurrency briefly surpassed the $97,000 threshold, reflecting strong market momentum and investor interest.

Key Highlights

Current Price: $97,741.74

Recent High: Bitcoin peaked at $98,372.00 earlier in the day.

Market Dynamics: The surge in price has been attributed to increased accumulation by large investors, often referred to as “whales,” who have reportedly acquired over 70,000 BTC amid this price rise.

Market Insights

The recent price movement follows a broader trend of recovery and optimism within the cryptocurrency market as it begins 2025.

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Analysts suggest that Bitcoin’s ability to maintain levels above $97,000 is crucial for sustaining bullish momentum. A break above this level could pave the way for further gains toward the $100,000 mark and beyond.

Bitcoin hit a historic milestone, surpassing $100,000 on December 5.

Investors are betting that President-elect Donald Trump will turn U.S. government policy into an engine of growth for crypto.

Conclusion

The current bullish sentiment surrounding Bitcoin suggests potential for continued upward movement, driven by strong institutional interest and market confidence. Investors are closely monitoring key resistance levels as they assess future price trajectories.

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© Copyright 2024 – Eurasia Business News. Article no. 1361.