Ad
COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Crypto Tracker App
  • Bitcoin
  • Altcoin
  • Ethereum
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Bitcoin Surges Above $100,000 After Market Correction
Share
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Crypto Tracker App
  • Bitcoin
  • Altcoin
  • Ethereum
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Altcoin News > Bitcoin Surges Above $100,000 After Market Correction
Altcoin NewsBitcoin (BTC)

Bitcoin Surges Above $100,000 After Market Correction

In Brief

  • Bitcoin rebounds above $100,000 following a significant market correction.

  • Inflation data shows favorable trends in both China and the U.S.

  • Bitwise predicts major cryptocurrencies will reach new highs by 2025.

Ömer Ergin
Ömer Ergin 2 years ago
Share
SHARE

Bitcoin $81,216 has surpassed $100,000 again following a market correction at the beginning of the week. A significant de-leverage event in the cryptocurrency markets led to the removal of $1.5 billion from long positions. This situation reflects a market environment lacking spot buyers while leveraged traders expect high prices.

Contents
Inflation IndicesBitwise’s 2025 Crypto PredictionsBitcoin and Other Altcoin Analyses

Inflation Indices

This week, China’s year-on-year Consumer Price Index (CPI) inflation came in significantly lower than expectations at 0.2%. Falling to half of the market’s anticipated 0.4% created a favorable outlook for economic indicators. Similarly, the U.S. reported a positive inflation expectation, with its year-on-year CPI at 2.7%.

Bitwise’s 2025 Crypto Predictions

Global leading cryptocurrency index fund manager Bitwise shared its forecasts for 2025. Among these predictions are expectations for major cryptocurrencies like Bitcoin and Ethereum $2,636 to reach new record levels, along with Coinbase positioning itself among the most valuable brokerage firms. Additionally, 2025 is anticipated to be a “Crypto IPO Year.”

Bitcoin and Other Altcoin Analyses

In alignment with Bitcoin’s rise, altcoins such as AAVE and ONDO have also become subjects of technical analysis. Bitcoin is currently in a price discovery phase, with support and resistance levels being defined. Analyses using Fibonacci extensions for AAVE and ONDO have highlighted potential upward and downward scenarios.

In the altcoin market, AAVE is drawing investors’ attention, while ONDO is similarly being examined through technical indicators. Such analyses assist investors in better understanding market movements.

The positive trend of inflation data and Bitcoin’s performance has sparked a general revival in the cryptocurrency markets. While price fluctuations are expected during this period, opportunities for investors may arise.

The dynamic nature of cryptocurrency markets requires investors to quickly adapt to market conditions. Strategic movement is crucial, especially during de-leverage events and periods of high volatility.

The performance of Bitcoin and other cryptocurrencies is closely linked to global economic indicators. Future predictions and analyses will play a critical role in determining the market’s direction.

You can follow our news on X, Telegram, Facebook & Coinmarketcap

You Might Also Like

Grayscale to split Zcash ETF shares 3-for-1 after $233 million inflow surge

Bitcoin holds above $74,000 for 30 days, eyes $83,000 breakout

Bitcoin market cap surpasses Tesla and Samsung after surging past $81,000

T. Rowe Price’s Blue Macellari sees Bitcoin as key to US currency debate

Gen Z turns to Bitcoin for wealth building as homeownership falls below 5%

Ömer Ergin 12 December, 2024 - 9:44 am 12 December, 2024 - 9:44 am
Share This Article
Facebook Twitter
Share
Previous Article Eric Trump Predicts the U.S. Will Become a Global Crypto Capital
Next Article Market Trends Indicate Increased Interest from Cryptocurrency Traders
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Best Crypto to Buy Now: MemeToro Passes $139K in Stage 7 With AI Launchpad Code Now Public
Meme Token
TRON sees $4.8 billion stablecoin surge, treasury adds 147,132 TRX at $0.3398
Tron (TRX)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
COINTURK NEWS 2026
Welcome Back!

Sign in to your account

Lost your password?