Bitcoin surge: Prospects of reaching $100,000

user avatar

by Giorgi Kostiuk

2 years ago

Bitcoin has exceeded the $93,000 mark for the first time, yet some traders remain skeptical of the rally's longevity.

Bitcoin hits new record

From November 11 to 13, Bitcoin surged by 16%, surpassing the $93,000 mark for the first time. Despite this record high, some traders believe the bullish momentum could weaken as sellers, including certain Bitcoin miners, start to take profits. Julio Moreno, head of research at CryptoQuant, noted that some Bitcoin miners started taking profits, though this activity remained within normal levels.

Factors in US dollar strength

The strengthening of the US dollar against other major currencies such as the euro, yen, and Swiss franc has concerned some investors. However, this inverse relationship is no longer as crucial as before. The launch of a new $54 billion spot Bitcoin ETF further established Bitcoin as a distinct store of value.

Derivatives premium and forecasts

The Bitcoin derivatives premium shows moderate enthusiasm, considered a healthy sign amid Bitcoin's record highs. The current 13% premium indicates whale and arbitrage desk excitement, while options data suggests a healthy, neutral market.

Given the current macroeconomic conditions and a crypto-friendly US administration, the path for further Bitcoin price gains looks promising. Potential catalysts, such as Senator Lummis's proposal to increase US Treasury Bitcoin reserves, could easily propel Bitcoin's price above $100,000.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Justin Sun Prize Launched to Transform Scientific Research

chest

The Justin Sun Prize has been established to redefine scientific rewards in the AI era, offering up to $1 million for breakthroughs in fundamental disciplines and machine formal verification.

user avatarKenji Takahashi

bdautomated Releases Verified AI Agent Statistics for 2026

chest

bdautomated releases a comprehensive dataset on AI agent statistics for 2026, tracing 75 widely quoted figures back to their original sources.

user avatarMaria Fernandez

Korea Blockchain Week 2026 Announces Key Sponsors and Speakers

chest

Korea Blockchain Week 2026 has unveiled its partner lineup, featuring major players in the digital asset industry, including Upbit, 0G, BRV, Stable, Tria, and BitGo. The event will take place in Seoul from September 29 to October 1, 2026, and will host key speakers discussing significant shifts in the digital asset industry.

user avatarGustavo Mendoza

Morgan Stanley's Bitcoin Accumulation Boosts Market Confidence

chest

Morgan Stanley has been actively accumulating Bitcoin through the ETF route, amassing approximately 622 million worth of the cryptocurrency this month.

user avatarRajesh Kumar

Microsoft Opens Public Feedback for AI Code of Conduct

chest

Microsoft is inviting public feedback on its draft Code of Conduct for AI models until late October, aiming to refine guidelines before finalizing them for 2027.

user avatarLuis Flores

Microsoft AI Releases Draft Code of Conduct for AI Models

chest

Microsoft AI has published a draft Code of Conduct outlining the expected behavior and limitations of its AI models, inviting public feedback for six weeks.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.