Bitcoin (BTC) is currently trading at approximately $95,330. This marks a slight decrease of about 0.27% over the past 24 hours but represents a significant increase compared to its value a month ago (around $68,200) and a year ago ($39,985), reflecting year-over-year growth of nearly 140%.
The market remains highly volatile, with BTC's trading volume over the last 24 hours reaching $64.22 billion. Analysts are optimistic about BTC's trajectory in December, projecting a potential peak of $108,918 by the end of the month, driven by bullish sentiment.
Despite its upward trend, concerns persist about Bitcoin's energy consumption and competition from other cryptocurrencies with advanced features like smart contracts. Nevertheless, BTC's capped supply and growing adoption continue to support its position as the top cryptocurrency by market cap, valued at approximately $1.89 trillion.
