Bitcoin price has surpassed the $99,000 threshold

Bitcoin, the world's most popular cryptocurrency, has reached nearly $99,400 according to data from Coinbase and TradingView.

In a favorable market context, Bitcoin price continuously sets new highs and attracts great attention from traders, media, individual investors and large organizations. Marc P. Bernegger, co-founder of AltAlpha Digital fund, said: “Currently, investor sentiment towards Bitcoin is very optimistic. Everyone wants to participate in this strong price trend, and I think we are just at the beginning.”

Bitcoin is currently hovering very close to $100,000, and if it breaks through this level, it could cause major volatility in global financial markets. Patrick Liou, head of institutional sales at Gemini, said: "$100,000 would be a significant milestone for Bitcoin. History shows that when the price increases sharply, investors pay more attention, and this could fuel Bitcoin's continued growth, especially in 2025."

Bitcoin forecast to reach $200,000 by 2025

The world's largest cryptocurrency has gained 134% so far this year, and many experts predict Bitcoin could hit $100,000 by the end of the year.

Some experts predict Bitcoin could hit $100,000 by the end of this year, and that goal is now within reach. Bernstein also predicts Bitcoin could hit $200,000 by 2025.

"Bitcoin continues to rally strongly and is on track to break the psychological $100,000 threshold," said Joel Kruger, chief market strategist at LMAX Group. He also pointed out that Bitcoin has increased 64% since the start of the fourth quarter. In fact, Bitcoin has typically averaged gains of over 80% in fourth quarters.

Kruger also emphasized that although the market is rising strongly, it does not mean that the price has been pushed too high. In fact, Bitcoin still has room to continue growing in 2024. According to him, Bitcoin can increase by about 16% to reach the average growth rate, and can surpass $ 100,000, even up to $ 110,000 before the end of this year.

This growth was also supported by the start of options trading for Bitcoin ETFs, with the launch of BlackRock's iShares Bitcoin Trust on November 19. Funds such as Grayscale Bitcoin Trust, Bitcoin Mini Trust, and ARK 21Shares Bitcoin ETF also began options trading on November 20.

These developments come as a result of the Options Clearing Corporation (OCC) announcing the preparation of these investment products on November 18, opening up new opportunities for the development of the Bitcoin market.

President Donald Trump prioritizes the development of the cryptocurrency industry.

Earlier this week, President Donald Trump said he plans to nominate Cantor Fitzgerald CEO Howard Lutnick to head the U.S. Department of Commerce, which will be responsible for administering tariffs and investigating trade practices. Lutnick is a strong supporter of cryptocurrencies and co-chair of Trump’s transition team. He could also play a key role in formulating policies for the digital asset industry.

At a Bitcoin conference earlier this year, Lutnick called Cantor Fitzgerald “the best investment bank for digital assets,” adding that the bank is also the custodian of Tether, one of the most widely used stablecoins.

At the conference, Lutnick also shared that he is “a fan” of Bitcoin and “of course” he owns Bitcoin.

Trump is also considering creating a new role in the White House dedicated to cryptocurrency policy, a position that would be the first of its kind and focus solely on cryptocurrency-related issues, according to Bloomberg. Cryptocurrency industry advocates are calling for the role to have direct access to the president.

Trump also spoke with Coinbase CEO Brian Armstrong earlier this week to discuss the cryptocurrency industry, Fortune reported. The two are said to be meeting to discuss options for Trump's cabinet positions.

Currently, one of the most important issues facing the crypto industry is who Trump will choose to lead the Securities and Exchange Commission (SEC) and the Commodity Futures and Trading Commission (CFTC).

Additionally, the parent company of social network Truth Social, Trump Media & Technology, is also said to be close to a deal to acquire cryptocurrency trading company Bakkt.

Source: https://baodaknong.vn/gia-bitcoin-da-vuot-qua-nguong-99-000-usd-234939.html