Bitcoin trades just a few hundred dollars from $100,000. What will altcoins do if the price milestone is hit?
Bitcoin (BTC) is showing no signs of slowing down as it came within a whisker of hitting the psychologically critical level of $100,000 on Nov. 22. Material Indicators co-founder Keith Alan cautioned short sellers in a post on X to be “prepared to get squeezed” if they sell at current levels.
Bitcoin’s rally is supported by strong inflows into United States spot Bitcoin exchange-traded funds. Bloomberg ETF analyst Eric Balchunas said in a post on X that the US spot Bitcoin ETFs crossed the $100 billion mark in assets on Nov. 21, which is 82% the size of the gold ETFs.
Crypto market data daily view. Source: Coin360
