Cryptocurrency Prices Surge as Bitcoin Nears $100K

Bitcoin inched closer to the highly anticipated $100,000 threshold, surpassing $99,000 on Wednesday and pulling Ethereum, Dogecoin, and other top cryptocurrencies along. Despite not hitting the milestone, Bitcoin reached $99,329, its highest since November 22 when it hit $99,645. The surge followed Federal Reserve Chair Jerome Powell's remarks at the New York Times DealBook Summit, comparing Bitcoin to gold rather than the U.S. dollar. Ethereum hit a six-month high of $3,892, while Dogecoin reached $0.433, both experiencing slight corrections afterward. Among the top gainers were The Sandbox (SAND) with a 27% increase, Mantle (MNT) up by 21%, and Gala (GALA) spiking by 20% among the top 100 cryptocurrencies by market cap on Wednesday. Read more AI-generated news on: https://app.chaingpt.org/news