Bitcoin price has shown a resurgence as it aims for the $100K mark again, with strong investor sentiment driving the rally. This optimism is partly due to the Bank of Korea's recent announcement of an interest rate cut, which has positively influenced market sentiment.
The move by the central bank in South Korea has encouraged bullish activity in the Bitcoin market, suggesting a healthy increase in BTC demand. This renewed interest is seen during the Thanksgiving holiday period, adding to market enthusiasm.
This development has created a supportive environment for Bitcoin as it continues its upward trend, boosting hope amongst investors for potential high-value gains in the near future.