Bitcoin price is trading above $90,000 and the fear-greed index is at high levels with 83 points. BTC could be on its way to reaching six-figure price targets with closings above $92,000. XRP Coin price has crossed $1 and PNUT Coin has increased by nearly 14 times this week. Bitcoin (BTC) is currently trading at $90,400 and altcoins continue to be volatile. Although risk appetite for cryptocurrencies has recovered after Trump’s victory, a continuous rise should not be expected; therefore, corrections are also observed in some cryptocurrencies.
Bitcoin (BTC)$BTC
Bitcoin, which peaked at $73,777 in March, has been trading below a key threshold for the past two quarters. After a wait of nearly 240 days, BTC finally broke through the $93,000 level to reach a new high. It is currently holding $86,580 as support, trying to push its price higher despite profit-taking at $92,000.
Achieving a six-figure price target for Bitcoin is of great importance. Investors who have been eagerly waiting for Bitcoin to reach $100,000 and above for years are closer to that goal than ever before. The decisions that President Trump, who will take office in January, will make this goal even more likely.
Latest Situation in Cryptocurrencies
The resignation of the SEC Chairman is expected and this development is likely to have positive effects on XRP Coin. XRP rose above the $ 1 level to $ 1.04 and started the day with a 12% increase. The fear and greed index in cryptocurrencies is at 83 levels.
The total value of the cryptocurrency market has once again exceeded $ 3 trillion, with a trading volume of $ 174 billion. The trading volume, which dropped slightly yesterday, is expected to reach previous levels on Monday and Tuesday. The most notable altcoin of the week has shown a major increase. PNUT Token has increased by 1368% in the last 7 days. BONK is second with a gain of 127%. Other cryptocurrencies such as OM, XLM, PEPE, XRP, BRETT, FLOKI, DOGE and HBAR have also gained between 50% and 100%.
However, despite the rise in the market, there are also cryptocurrencies that have lost value. Projects such as NEIRO, LDO, AAVE, FET, HNT and AERO have lost 10% and above this week. NEIRO Coin, in particular, has lost 25% of its value.
