Bitcoin Hits Record $99,600; $560 Million Liquidated as Market Awaits $100,000 Milestone

Nov 24, 2024, 03:45 PM

Bitcoin, the world's largest cryptocurrency, has recently surged to a record high of $99,600, knocking on the door of the significant $100,000 milestone. However, it experienced a slight pullback, with prices dropping $1,300 from $99,000, leading to the liquidation of $560 million in leveraged crypto positions within four hours, including $13.24 million in Bitcoin long positions. Despite this volatility, market experts remain bullish, with some stating, "For now, all lights are green," predicting that Bitcoin will soon surpass the $100,000 mark. The surge represents a remarkable 372% recovery, underscoring renewed investor confidence in the cryptocurrency market. Traders are encouraged to buy Bitcoin before it breaches $100,000, emphasizing that future higher prices will make current levels seem advantageous.