Bitcoin dipped to a low of $90,986 last night at 9:30, then started another wave of increase. Today (20th), close to 3 pm, it reached a new historical high of $93,880 again. However, selling pressure surged, causing Bitcoin to rapidly drop over $2,500 to a low of $91,300.
Before the deadline, BTC is temporarily reported at $92,052, with a 0.97% increase in the last 24 hours.
In the past 24 hours, $288 million was liquidated across the entire network.
Amid Bitcoin's fluctuating movements, according to Coinglass data, in the past 24 hours, the total liquidation amount in the cryptocurrency market reached $288 million, with long positions liquidating $178 million and short positions liquidating $110 million, affecting over 105,000 people.
Cathie Wood: After Bitcoin breaks $90,000, there is still a long way up.
Cathie Wood, founder of Ark Invest, stated that although Bitcoin has reached a new high of $90,000, there is still huge potential before reaching its long-term goal:
Early layout: Ark Invest invested in Bitcoin at $250 in 2015, being one of the first asset management companies to enter the market.
Long-term goal: Based on fundamental predictions, Bitcoin's price is expected to reach $650,000 by 2030; in a bull market scenario, it may further rise to $1 million to $1.5 million.
She emphasized that Bitcoin's upward space is far from the peak, and there is still much to look forward to in the future.
Three hidden benefits in the crypto circle are about to explode:
MicroStrategy may be included in the S&P 500.
This company, holding over $20 billion in Bitcoin, may be included in the S&P 500 index on December 6. If realized, the S&P 500 index fund, with a global scale of $16 trillion, will passively allocate MicroStrategy stocks, thereby indirectly holding Bitcoin. This will attract global capital into the Bitcoin market, leading to unimaginable increases.Microsoft reviews Bitcoin investment proposal.
Microsoft, the company with the highest market value in the world, will review a Bitcoin investment plan on December 10. If approved, it may increase its Bitcoin holdings, injecting confidence and massive financial support into the market.Federal Reserve rate cuts and FTX repayments.
In December, the Federal Reserve may face its third rate cut, while the market is full of expectations for FTX repayment progress, which will provide additional benefits for the crypto market.
Strategy suggestion: The current adjustment is an opportunity to increase positions. Firmly hold your coins and prepare to layout hot targets in advance, with hopes for considerable returns in six months. Believe that if you persist until the end, you will witness this historic wealth opportunity!
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