BTC overtook silver; can it reach $100k in November?

By The Neath | The Darkside Of Crypto | 12 Nov 2024

Today, Bitcoin set an all-time high of $89,604 as the entire crypto market worth topped $3.11 trillion.

Bitcoin's market valuation rose to $1.77 trillion after the rise, surpassing silver's $1.7 trillion and approaching Saudi Aramco's $1.8 trillion.

The $1.1 billion net inflows into U.S. spot BTC ETFs on Nov. 11 was one explanation.

IntoTheBlock data reveals Bitcoin whale transactions exceeded $100 billion yesterday.

Retail investors fear losing out on whale trades, causing massive inflows.

Kalshi, a market prediction software, predicts 45% possibility of BTC reaching $100,000.

The October U.S. Consumer Price Index data on Nov. 13 may boost or reverse the bull run. The CPI indicates U.S. inflation.

According to Trading Economics, September's CPI was 2.4% and is predicted to reach 2.6%. In particular, the inflation data is crucial to December interest rate decisions.
Bitcoin is below $87,000 as the market cools.

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The Neath

Since I have been interested in crypto since 2020.I give back to the internet what I learned from the internet

The Darkside Of Crypto

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