#BTCReclaims101K
Price fluctuations and the Bitcoin market
• Bitcoin reached a record high of 103,918 USD on December 5 before correcting by 10%, dropping to a low of 90,200 USD during the pullback but quickly rebounding.
• The CEO of CryptoQuant, Ki Young Ju, noted that demand from ETF funds and strong accumulation by institutions are limiting the extent of corrections in this bullish cycle.
Growth across the cryptocurrency market
The recovery of Bitcoin has triggered a strong price surge across the entire cryptocurrency market:
