In the past 24 hours, Bitcoin prices have surged by more than 7%, reaching above $90k. Market experts anticipate further growth, although reaching $100k might be challenging.
Record Bitcoin Growth
Bitcoin continues its surprising rise, peaking at $93,233 in the past 24 hours. The market capitalization exceeded $1.79 million, growing by 3.47%. It's predicted to soon surpass the GDP of some developing nations.
Investor and Miner Activity
On-chain data shows dozens of Bitcoin investors made millions or even billions. Numerous miners are selling their holdings to secure profits. Julio Moreno reported approximately 25,000 BTC was transferred by miners to various exchanges and payment platforms.
Market and Other Cryptocurrencies
The BTC/USDT and BTC/FDUSD pairs remain highly traded. Other cryptocurrencies like Ethereum are also experiencing positive trends, surpassing $3,100 with a weekly growth of 12% and a monthly increase of 22%. Despite gains, projects like Aerodrome Finance and Maker face price declines.
The sharp rise in cryptocurrency prices raises concerns among regulators over potential illegal activities. A recent FBI raid on the Polymarket CEO's premises highlights growing scrutiny.
