Bitcoin Nearing $100K?🔥
After yesterday's dip to $91,000, $BTC is back in action, gaining 5% and approaching $96,000! There are few big factors contributing to this rebound:
💼 Chinese trading giant SOS Ltd. has announced a $50M Bitcoin investment, skyrocketing its stock by 90%! Their move reinforces Bitcoin's role as a strategic reserve asset, alongside players like MicroStrategy.
📈 Meanwhile, Bitwise has filed for a Bitcoin-Ethereum ETF, which could open the doors for mainstream investors to access crypto markets easily. If approved, this would boost adoption and deepen crypto’s role in global finance. $ETH also reacted positively, gaining 7% today!
🔍 Macro Trends: Positive inflation outlook and institutional interest, like MicroStrategy’s continued purchases, are driving sentiment.
Will Bitcoin soon retest its ATH of $99,655 and break the $100K barrier? 🔥