Bitcoin (BTC) has been stuck between $90,000 and $100,000 for the third week. 🎢 Although it briefly reached six figures on December 5, this price action did not excite investors. There are two main reasons for this:
- Liquidity inflows into the crypto market have slowed down through channels such as spot exchange-traded funds (ETFs). This is affecting the upward momentum.
- The uptrend in Nvidia (NVDA) stocks has also stalled. The strong positive correlation between BTC and NVDA is limiting BTC’s rise.
Do you think BTC will break $100,000? Share your thoughts in the comments! 💬