Bitcoin (BTC) did it: For the first time in history, the price exceeded the psychological mark of 100,000 US dollars. The new all-time high is $104,000 and the crypto community is celebrating this breakthrough. But what is behind this increase and what could happen next? Furkan Yildirm explains this and more in his current market update.
The historic increase: numbers, facts and reasons
Last night, what many Bitcoin enthusiasts had been waiting for a long time happened: the price climbed above $100,000 for the first time and shortly afterwards reached $104,000. This event is not only a triumph for investors, but also has an immense impact on the perception of Bitcoin as a serious asset. The main reasons for the increase are increasing institutional interest, increased buying by US investors and increased demand in spot markets. Particularly striking: the so-called Coinbase Premium – the difference between spot prices on Coinbase and other exchanges – reached all-time highs. This suggests that many purchases are coming from the USA. The involvement of large investors also played a role. Bitcoin miner Marathon Digital Holdings raised $850 million to buy Bitcoin, further boosting the market. At the same time, significant funds flowed into Bitcoin ETFs, resulting in the Course was further strengthened.
What does this mean for the future?
As Bitcoin has surpassed the $100,000 mark, the question arises: How sustainable is this success? Experts warn of a possible correction as the market is heavily overleveraged. Many traders rely on futures, which could make the price volatile in the short term. In the long term, however, Bitcoin remains a safe bet for many investors as it continues to gain acceptance as a digital counterpart to gold. Well-known voices such as US Federal Reserve Chairman Jerome Powell and Russian President Vladimir Putin recently described Bitcoin as the future. Even though opinions differ, one thing is clear: cryptocurrencies are here to stay. Strategy remains crucial for investors. Many people advise taking profits gradually and not acting hastily. However, anyone who invests for the long term could benefit from further price increases. Follow ours Bitcoin News to always stay up to date and make informed decisions.
Conclusion and outlook
Bitcoin’s breakout above $100,000 marks a historic moment. But the market remains volatile and a smart strategy is crucial. Would you like to find out more about the background and see current market analyses? Watch the full video and visit Furkan’s YouTube channel Coin Check TV to delve deeper into the topic.