#BTC BINANCE TRADER SETS BITCOIN TARGET PRICE AT $100K FOR THIS DATE

Bitcoin’s price trajectory is a hot topic among cryptocurrency enthusiasts, and Jesse Myers, a Bitcoin investor and author, has weighed in with his perspective. According to Myers, Bitcoin’s journey to six figures won’t be realised until the block subsidy halving event in 2024.

He believes that the cryptocurrency market will only fully “price in” the impact of the halving after it has occurred. In this article, we’ll delve into Myers’ insights and explore the significance of the upcoming Bitcoin halving event in 2024.

Bitcoin’s Current Status

As of the latest data from Coinmarketcap, Bitcoin (BTC) is currently trading at $43,119 per BTC/USD, with a market capitalization of $845,256,764,589. The 24-hour trading volume stands at $23,133,685,419. Bitcoin has seen a modest increase of 0.17% in the last 24 hours, with a circulating supply of 19,600,325 BTC.CoinGecko also reports that the global cryptocurrency market cap is currently at $1.77 trillion, reflecting a slight 0.06% decrease in the last 24 hours. Compared to one year ago, the market has experienced significant growth, with a 71.66% increase in market cap. Bitcoin (BTC) dominates the market with a market cap of $843 billion, representing a Bitcoin dominance of 47.51%. Additionally, Stablecoins’ market cap stands at $135 billion, accounting for 7.62% of the total crypto market cap.