04/12: Bitcoin holds above $95,000 after a slight correction, altcoins surge
Bitcoin has maintained its price above $95,000 after experiencing a slight correction. On December 3rd, the price dropped to a low of $93,600 but quickly rebounded to return to the $95,000 level on the Binance exchange. This follows an impressive growth trend in November, when Bitcoin's price surged by 37%, approaching the psychological milestone of $100,000. Investors are currently optimistic about Bitcoin's potential to reach this target in the near future.
In the altcoin market, several other cryptocurrencies have shown strong growth. Despite Bitcoin's price correction, positive forecasts from spot Bitcoin ETF funds along with significant capital inflow from institutional investors have revived interest and created momentum for the entire cryptocurrency market. Organizations like MicroStrategy have also continued to invest heavily in Bitcoin, reinforcing confidence in the recovery of these cryptocurrencies.