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Bitcoin is just a step away from 0.1 million; when will it knock on the door again after the pullback?
The six-digit key level is a strong resistance level and a psychological selling point. However, even if the pullback deepens, analysts still expect bitcoin to surpass $0.1 million this year.
Stablecoin "Milestone Moment": total market value reaches 190 billion US dollars, breaking the peak of the terra era.
This year, the total market value of stablecoins has increased by about 46%, with this type of cryptos solidifying its more lasting position in global trade.
Zacks Investment Ideas Feature Highlights: Nvidia's, Coinbase, Tesla and Astera Labs
Latest crypto news | The market in the crypto circle fluctuates significantly, with bitcoin returning to $93,000; analysts say that $0.1 million is a psychologically significant sell-off point, and it is expected that bitcoin will break through $0.1 milli
StanChart's global head of digital assets research, Geoff Kendrick, stated that the recent BTC pullback is mainly influenced by changes in the US Treasury market. He explained that the drop in US Treasury yields has boosted market confidence, potentially temporarily weakening bitcoin's appeal as a hedge tool.
Big bitcoin whales return on November 27? Has the drop in dogecoin and bitcoin stopped?
As these purchasing behaviors gradually increase, bitcoin prices may迎来 a new round of rise in the future.
Express News | 21Shares crypto strategist: $0.1 million is a psychologically significant sell-off point, and bitcoin is expected to break through $0.1 million this year.