Bitcoin has been making a rebound, with the price rising towards the $100,000 level after being rejected just below it on Friday. Recently, it touched $99,000 on Monday and may soon reach the $100,000 psychological level. The US Spot Bitcoin ETFs have been on a buying spree, with a purchase of $1 billion in just one day, marking this as the fourth time such a large purchase has been made in a single day.
Tether continues to print stablecoins, printing an additional $3 billion USDT, bringing the total to $13 billion USDT since November 11. Pro-crypto figures from the Trump administration, Howard Lutnick and Scott Bessent, have been appointed to key posts in the country. The 2-week chart for Bitcoin is very bullish, with the price breaking through the ascending trendline, and the Stochastic RSI indicators suggesting a continuation of upside price momentum.
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<p>The post Bitcoin’s Onward March: Breaking Down $100,000 Barrier first appeared on CoinBuzzFeed.</p>
