,
Bitcoin under $ 100,000: a temporary phase or a permanent roof?
Despite the years of optimistic predictions, bitcoin - the world's largest cryptocurrency by market capitalization - still trades below the symbolic $ 100,000 mark. Although it has experienced many historical rallies and has attracted global attention on a large scale, it is still to break this significant psychological barrier. This raises important questions about the current state of bitcoin and its future trajectory.
Bitcoin price travel
Since its installation in 2009, at the value of just one percent fractions, there has been excessive instability and significant increase in bitcoin. It reached its all -time high level in November 2021, beyond $ 68,000, expanding institutional adoption, expansion of crypto trading platforms, and a defense against inflation and global economic uncertainty as a defense of bitcoins.
However, the market quickly entered a rapid improvement. In 2022, the price of bitcoin collapsed amidst a range of failures of the industry, including the collapse of major platforms such as FTX, regulatory crackdown and aggressive interest rate increase by central banks around the world. These factors migrated capital from a decline in the trust of investors and at risk.
Why Bitcoin hasn't hit $ 100,000 yet?
Many major factors explain why bitcoin has so far reached $ 100,000 milestones:
1. Regulatory uncertainty: Governments around the world are still preparing their views for cryptocurrency, causing hesitation among institutional investors.
2. Market instability: Bitcoin is highly unstable, which limits its adoption as a stable reserves of value or exchange.
3. Status of macroeconomic: global inflation, high interest rate, A