Summary: Bitcoin has had an amazing 2024 with a huge surge in market valuation and now it has again officially reclaimed its spot in the spotlight, smashing through the $100,000 milestone. Trading at $101,074, the world’s largest cryptocurrency saw a 5.4% gain in the last 24 hours, signaling renewed investor confidence and major market momentum.
Bitcoin Hits $100K: What’s Driving the Surge?
Bitcoin’s price skyrocketed, ranging from $94,386.72 to a high of $101,764 in a single day. This rally reflects growing institutional and retail interest, cementing Bitcoin’s status as the ultimate digital asset. With a market cap of nearly $2 trillion and a 24-hour trading volume of $129.39 billion, the crypto king is commanding attention.
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Is $2 Trillion the Next Target?
Bitcoin’s return to $100K isn’t just a flex—it’s a signal of resilience in uncertain economic times. Analysts are buzzing: will Bitcoin continue its climb, or is a correction on the horizon? With a fully diluted valuation of $2.12 trillion and just 1.2 million BTC left to mine, all eyes are on whether the crypto heavyweight can sustain this momentum and hit its next big milestone.
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