With Bitcoin hitting a fresh all-time high of $99,500 and approaching the historic $100,000 milestone, the moment that the cryptocurrency community has been eagerly anticipating is almost here. The value of Bitcoin was around $30,000 a year ago.
This represents a staggering 300% increase in value. A remarkable $30 billion net inflow into Bitcoin ETFs over the past year and Donald Trump’s reelection as US president have caused a surge of excitement that has propelled this amazing run.
The question that emerges when Bitcoin approaches the six-figure barrier is: What will happen when Bitcoin reaches $100K? The $100K mark has far more meaning than just psychological importance.
Let’s examine what hitting $100K would imply for Bitcoin and the larger cryptocurrency ecosystem in more detail, as this milestone would set off a number of events over the next few weeks.
More bets are retreating, according to the bitcoin options trade, after failing to break $100,000.
According to a cryptocurrency trading platform that cites recent options activity, investors in the biggest cryptocurrency in the world are expecting a substantial decline after bitcoin failed to reach its all-time high of $100,000.
Bitcoin has dropped more than 8% to a one-week low of 95,377.32 on Tuesday after reaching a record high of $99,830 on November 29.
Since Donald Trump was elected president of the United States and numerous pro-crypto lawmakers were elected to Congress, the most well-known cryptocurrency has increased by 120% so far this year and by roughly 34% this month.
Throughout his campaign, Trump embraced digital assets, vowing to build a national bitcoin stockpile and establish the US as the “crypto capital of the planet.”
More Nations Are Providing Crypto Opportunities
Bitcoin increasing popularity is forcing nations to acknowledge its potential as a key to the developing digital economy as it approaches the $100,000 milestone. China’s move to legalize cryptocurrencies after years of maintaining a strict prohibition on the asset is among the most important events.
This action is probably going to persuade other countries to change their minds about cryptocurrencies and see them as legitimate financial instruments that are only related to stocks.
The Final Opportunity to Purchase Before Listings Pepe Unchained Raises $57M in One of the Largest Crypto Presales Ever
Pepe Unchained (PEPU), which has raised $57 million during its presale period, is one that is receiving a lot of attention.
Everyone is wondering if this frog-themed project can live up to the anticipation as its debut exchange listing approaches.
Pepe Unchained’s Layer-2 Ecosystem: More Than Just a Meme Coin. There are some genuine uses for this new cryptocurrency idea.
Pepe Unchained adopts a different strategy from the majority of meme currencies, which depend on the energy of social media. On Ethereum, it is creating a Layer-2 network just for meme coins.
Anyone who has attempted to move these money around understands the agony of paying exorbitant petrol prices and having to wait a very long time for transactions to complete. That’s what Pepe Unchained wants to change.
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