Bitcoin slipped over the weekend, dropping below $87,000 after hitting a record high of almost $94,000 on Wednesday. But don't worry, Bitcoin has bounced back and is now sitting pretty above $91,000. Some say this is just a warm-up before heading towards $100,000! ๐
- BTC on exchanges is down: Investors prefer to keep Bitcoin in cold wallets. Less Bitcoin on exchanges means less selling pressure, which could lead to further price increases!
- Trump wins election, Bitcoin is selling faster: Bitcoin reserves on exchanges fall to a six-year low, below 2.6 million. This could make the market more volatile but also more resilient.
- Stablecoins are booming: Market liquidity is improving, with over $3 billion USDT entering exchanges since the election. This could be additional fuel for Bitcoin's rise.
What do you think? Let's discuss in the comments section!