Bitcoin Price Hits Historic $104,000: Key Factors Fueling The Surge

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Bitcoin Price Hits Historic $104,000: Key Factors Fueling The Surge - NewsBTC

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When questioned about the perception of Bitcoin as a symbol of faith or lack thereof in the US dollar and the Federal Reserve, Powell offered a nuanced perspective.“I don’t think that’s how people think about it,” Powell remarked.“People use Bitcoin as a speculative asset, right? It’s like gold.

We need an aggressive plan to grow USA’s proportional ownership of the Bitcoin supply.— David Bailey🇵🇷 $0.85mm/btc is the floor (@DavidFBailey) December 4, 2024 #3 Strong Spot Demand And Institutional Interest The surge was underpinned by robust spot market activity and significant institutional participation.

It’s the most obvious trade in history — David Bailey🇵🇷 $0.85mm/btc is the floor (@DavidFBailey) December 4, 2024 #2 Russia’s Putin Signals Openness To Bitcoin Adding to the momentum, Russian President Vladimir Putin made comments during the Russia Calling forum that many interpret as an endorsement of Bitcoin.“Who can ban Bitcoin?