#AltcoinMomentum #CryptoExplorerFiesta #marketdownturn

Bitcoin $BTC managed to break a new all-time high (ATH) record. The price even traded at US$99,500 during the intraday session on Friday (22/11) before then correcting slightly. Currently, the crypto king is around US$98,675

With trading activity picking up as the market awaits its breakthrough past the psychological US$100,000 level, digital asset research firm 10X Research predicts Bitcoin could rise as high as US$115,000 by Christmas.

The latest report from 10X Research reveals that the BTC market has enjoyed a surge in liquidity in recent weeks. This is a key factor that can spur Bitcoin towards the US$115,000 mark.

Plus, stablecoin issuer Tether has minted US$10 billion in the past month. On the other hand, Circle added US$3 billion in the same period, adding to market momentum. This resulted in a surge in the flow of stablecoins to crypto exchanges. In X's post on November 21, Leon Waidmann, Head of Research at The Onchain Foundation, confirmed this trend.