Bitcoin came tantalizingly close to the historic $100,000 mark, reaching $99,645 on November 22. Since then, however, the cryptocurrency has shown signs of hesitation, struggling to break through this milestone. The upward momentum seen recently was sparked by renewed investor interest in spot Bitcoin ETFs, following notable outflows observed on November 25 and 26.
As of Monday, Bitcoin is trading at $96,000, marking a 2% decline over the past week. This pullback has added an air of suspense as traders and analysts alike speculate whether Bitcoin will finally breach the elusive six-figure barrier. The coming days could be pivotal for the world’s leading cryptocurrency as market dynamics continue to shift.
