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Bitcoin’s Six Figure Scorcher – BitRss

Posted on December 7, 2024 By Kotop No Comments on Bitcoin’s Six Figure Scorcher – BitRss

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1️⃣ BTC Hits $100K Milestone, ETH Breaks $4K

It was another week of making history as Bitcoin surged past $100K for the first time. Continued ETF flows and excitement about President-elect Donald Trump’s pro-crypto policies mixed with a strong injection of leverage to push Bitcoin over this psychological hurdle and into the headlines. Trump himself hailed this as a validation of his campaign promises to make the U.S. the crypto capital of the world.

Passing another major milestone, though not an all-time high, was Ethereum, which on Friday crossed the $4K mark. The fuel for ETH’s rise also came from ETF inflows, which reached as high as ~$425M on Thursday, dispelling worries that “Wall Street doesn’t understand ETH’s value prop.” Overall, this week marked another turning point for crypto, which many believe will have reta…

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