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Bitcoin Back At $100K And Beyond: Market Maturity or Just Another Rally? Coin Edition 12 Dec 2024

Bitcoin Back At $100K And Beyond: Market Maturity or Just Another Rally? 🚀

USA Bitcoin

Bitcoin (BTC) has surpassed the significant milestone of $100,000 as of December 11th, marking a nearly 4% rise. This increase is attributed to positive macroeconomic data from the United States and a prevailing bullish sentiment within the cryptocurrency market. Experts believe these factors have contributed to the current upward momentum.

Contributing further to Bitcoin's surge is the growth of stablecoins, which have now reached over $200 billion in market capitalization. This development has significantly fueled Bitcoin's rally as stablecoins continue to gain prominence in the market, reflecting the expanding influence and stabilization of the cryptocurrency sector.

Source: coinedition.com ↗

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