Bitcoin Hits New All-Time High: $95K Breakout Sets Stage for $137K Year-End

Quick Summary:

With a cumulative total net inflow of about $28.7 billion, the US spot Bitcoin ETFs now hold more than 1 million BTCs, worth nearly $100 billion.

Moreover, nation states – led by El Salvador, Bhutan, and the United States, among others – have been major holders of Bitcoin in the recent past.The 0.786 Fib retracement for #BTC dominance is 66%.

According to renowned analyst Benjamin Cowen, Bitcoin dominance could further rally towards 66 percent before the end of this year, thus delaying the highly anticipated altseason to early 2025.

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Article Details

Author / Journalist: Qadir AK

Category: Crypto

Markets: United StatesBhutanEl Salvador

Topics: Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 03:31:03 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 491 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23727815

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Main Topics: Crypto

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News Last Updated: 8 hours ago

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