$BTC

Today, Bitcoin (BTC) reached a milestone, surpassing $100,000 for the first time, trading at approximately $102,700 with a 24-hour gain of 7.2%. This rally is fueled by growing institutional demand, increased interest in spot Bitcoin ETFs, and positive market sentiment following the U.S. elections, which brought in a crypto-friendly administration. Analysts suggest Bitcoin could face resistance at $105,000 but remains supported at $98,000.

The market is also seeing bullish momentum due to Bitcoin's upcoming halving in 2024 and robust whale accumulation. Despite a slight dip earlier this week, the broader outlook remains positive.