Bitcoin once again moved towards the long-awaited $100,000 milestone, breaking through the $99,000 mark on Wednesday afternoon, with Ethereum, Dogecoin, and other top assets also rising.
However, the leading cryptocurrency did not fully reach the target, peaking at $99,329 before 4 PM ET on Wednesday. This is the highest price since BTC set its current all-time high of $99,645 on November 22.
Momentum quickly cooled, and as of this writing, the Bitcoin price has dropped to $98,100. It is unclear what drove the increase in Bitcoin, but BTC traded at $95,000 shortly after noon ET and steadily climbed over the following hours.
BTC Price
The surge in Bitcoin seems to have accelerated after comments from Federal Reserve Chairman Jerome Powell at the New York Times DealBook Summit. Powell stated that Bitcoin's competitor is gold, not the dollar.
However, as Bitcoin rose, other major assets also followed suit. Ethereum climbed to a six-month high of $3,892, marking the first time the price has risen so high since late May. It has since fallen to $3,854 but is still up nearly 7% for the day. $98000$99000$100000 price data BTC Price
