{"id":22324,"date":"2024-11-21T09:58:32","date_gmt":"2024-11-21T09:58:32","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=22324"},"modified":"2024-11-21T09:58:32","modified_gmt":"2024-11-21T09:58:32","slug":"btc-price-aims-at-100k-as-spot-bitcoin-etf-aum-exceeded-100b-market-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=22324","title":{"rendered":"BTC Price Aims at $100K as Spot Bitcoin ETF AUM Exceeded $100B (Market Watch)"},"content":{"rendered":"

Another day, another all-time high for bitcoin, which came just two grand away from tapping the coveted $100,000 price tag.<\/p>\n

At the same time, many altcoins have turned red, including ADA, SUI, and numerous meme coins, unlike other alts with a connection to bitcoin.<\/p>\n

Will $100K Fall Today?<\/h2>\n

It has been nothing short of a mind-blowing few weeks ever since Donald Trump won the US presidential elections on November 5. Since then, the primary cryptocurrency broke its March 2024 all-time high of $73,740 and didn\u2019t really look back.<\/p>\n

It skyrocketed past $80,000 in the following week and did the same to the $90,000 resistance. Although it faced some bears prepared for a fight at that point, it overcame the odds and started a new rally at the start of the current business week.<\/p>\n

At first, it tapped $94,000 to register another peak but kept climbing in the following days and broke above $95,000 yesterday. During the early hours of the Asian trading session, it skyrocketed<\/a> to nearly $98,000, thus coming just 2% away from $100,000.<\/p>\n

This came amid the growing inflows toward the spot BTC ETFs, which now have over $100 billion in Assets Under Management, according<\/a> to SoSoValue.<\/p>\n

With a market cap<\/a> of well above $1.9 trillion, bitcoin is now the seventh-largest asset in the world. Its dominance in the crypto market has risen as well to 58% on CG.<\/p>\n

<\/a>Bitcoin\/Price\/Chart 21.11.2024. Source: TradingView<\/p>\n

BCH, BSV on the Rise<\/h2>\n

Most of the recent high-flying alts have turned red today. ADA, SUI, DOT, PEPE, AVAX, and others have all dropped by over 5%. PEPE actually leads the meme coin-retracement wave<\/a> that has also hit the likes of BONK, WIF, SHIB, DOGE, PNUT, and others.<\/p>\n

In contrast, SOL and XRP have charted minor gains, but BCH has taken the main stage from the larger-cap alts, having surged by 17% to well above $500. BSV has also charted an impressive surge of 10.3% to $76.<\/p>\n

The total crypto market cap registered a record of its own at over $3.330 trillion today, rising by $80 billion in a day.<\/p>\n

<\/a>Cryptocurrency Market Overview. Source: QuantifyCrypto<\/p>\n

The post BTC Price Aims at $100K as Spot Bitcoin ETF AUM Exceeded $100B (Market Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Another day, another all-time high for bitcoin, which came just two grand away from tapping the coveted $100,000 price tag. At the same time, many altcoins have turned red, including ADA, SUI, and numerous meme coins, unlike other alts with a connection to bitcoin. Will $100K Fall Today? It has been nothing short of a […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-22324","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22324"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22324"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/22324\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}