Bitcoin (BTC) experienced a significant surge, reaching past $97,000, driven primarily by institutional demand and activities involving the U.S. government. On December 3rd, the digital currency briefly touched this high point before pulling back to approximately $95,000.
This price movement was influenced notably by the U.S. government transferring 10,000 BTC, which had an impact on market dynamics. The value shift underscores the market's sensitivity to large transactions and governmental actions regarding cryptocurrencies.
