Bitcoin Sets Record In Weekly Realized Profits – Data Supports Strong Demand

Quick Summary:

Bitcoin has entered a consolidation phase just below the $100,000 level, following an impressive rally that saw the price hitting all-time highs nearly every day for almost three weeks.

While the market has quieted down recently, Bitcoin’s bullish momentum remains strong, and many analysts believe the pause is merely temporary before another upward push.

With the price stabilizing below the $100,000 mark, many traders and analysts are waiting for the next key move.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: Hungary

Topics: Bitcoin Bitcoin Bull Run Bitcoin ATH BTCUSDT Bitcoin News Bitcoin demand Bitcoin Realized Profits Btc Bitcoin technical analysis Bitcoin news

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-01 @ 14:30:14 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Readers: 55 people read this story

Article Length: 627 words

Reading Time: 4 minutes read

Sentences: 52 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 24009179

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 7 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 12 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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