{"id":317158,"date":"2024-12-05T18:49:05","date_gmt":"2024-12-05T18:49:05","guid":{"rendered":"https:\/\/cryptonews.com\/?post_type=web-story&p=317158\/"},"modified":"2024-12-05T18:49:05","modified_gmt":"2024-12-05T18:49:05","slug":"bitcoin-hits-100k-milestone-will-150k-come-sooner-than-expected","status":"publish","type":"web-story","link":"https:\/\/cryptonews.com\/web-stories\/bitcoin-hits-100k-milestone-will-150k-come-sooner-than-expected\/","title":{"rendered":"Bitcoin Hits $100K Milestone \u2013 Will $150K Come Sooner Than Expected?"},"content":{"rendered":"

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Bitcoin Hits $100K Milestone<\/span><\/h2>\n

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#cryptonews<\/span><\/span><\/p>\n<\/div>\n<\/div>\n

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Bitcoin smashed through the $100,000 barrier overnight, with the current BTC price of $102,545 representing a 6.5% gain in the past 24 hours.<\/span><\/p>\n<\/div>\n<\/div>\n

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This means BTC has outperformed the cryptocurrency market as a whole today, with average prices up by a more modest 2%.<\/span><\/p>\n

The original cryptocurrency is now up by 8% in a week and 49% in a month, with its momentum likely to take it even higher by the end of the year.<\/p>\n<\/div>\n<\/div>\n

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Despite a very slight retreat, its momentum remains very high, with its relative strength index (purple) holding to the 70 level after reaching 80 earlier today.<\/span><\/span><\/p>\n

Its 30-period average (orange) also looks very bullish, in that it has very recently formed a golden cross with the 200-period (blue).<\/span><\/p>\n<\/div>\n<\/div>\n

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BTC topped out at $103,679 very early this morning, with this price now serving as its all-time high.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n

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Bitcoin Hits $100K Milestone <\/span><\/h3>\n<\/div>\n<\/div>\n
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Bloomberg ETF analyst James Seyffart believes the approval of spot Ethereum ETFs was likely influenced by political decisions rather than purely financial considerations.<\/span><\/p>\n<\/div>\n<\/div>\n

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In an interview with Cryptonews’ Rachel Wolfson at Consensus 2024, Seyffart discussed the timeline and approval process for spot ETH ETFs, including the 19b-4 rule change and the role of the SEC.<\/span><\/p>\n

And with its trading volume at a very high $164 billion, it’s apparent that demand for the cryptocurrency is going through the roof right now.<\/p>\n<\/div>\n<\/div>\n

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Some analysts are predicting that it could now hit $150,000 by the end of the month.<\/p>\n","protected":false},"author":422,"featured_media":317227,"template":"","meta":{"_acf_changed":false,"web_stories_publisher_logo":138953,"web_stories_poster":[],"web_stories_products":[],"footnotes":""},"web_story_category":[],"web_story_tag":[],"class_list":["post-317158","web-story","type-web-story","status-publish","has-post-thumbnail","hentry"],"yoast_head":"\nBitcoin Hits $100K Milestone \u2013 Will $150K Come Sooner Than Expected? - Cryptonews<\/title>\n<meta name=\"description\" content=\"Some analysts are predicting that it could now hit $150,000 by the end of the month.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.com\/web-stories\/bitcoin-hits-100k-milestone-will-150k-come-sooner-than-expected\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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