Bitcoin Price Could Soon Break $100,000, Blockchain Firm Explains How

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Bitcoin Price Could Soon Break $100,000, Blockchain Firm Explains How - NewsBTC

Quick Summary:

Finally, crypto market liquidity has continued to increase over the past few weeks, as stablecoins make their onto exchanges. For context, more than $3.2 billion in USDT has flowed into exchanges since the US election, signaling the potential of a sustained Bitcoin price rally.

Four Reasons Why $100,000 Is Possible For Bitcoin Price: CryptoQuant In its latest weekly report, CryptoQuant revealed that Bitcoin, the world’s largest cryptocurrency by market capitalization, is yet to be overvalued despite its recent positive momentum.

CryptoQuant noted that Bitcoin is not yet overvalued at the current price levels, as the MVRV metric is still outside the overvalued region.