Bitcoin Hits $93,000: Experts Predict Over $100,000 Until Year-End
Bitcoin (CRYPTO: BTC) surged to a high of $93,434 on Wednesday, up 4.5% on the day during the U.S. trading session.
Ethereum (CRYPTO: ETH) is trading flat at $3,278, but is up 23% over the past week.
Among other cryptocurrencies, Dogecoin (CRYPTO: DOGE) saw a 3% rise, while Pepe (CRYPTO: PEPE) experienced a sharp 48% increase over the past 24 hours as it got listed on Coinbase (NASDAQ:COIN) for trading.
Total liquidations over the last 24 hours reached $701.79 million, with $382.68 million in long positions and $319.08 million in short positions., according to data from CoinGlass.
This significant liquidation volume showcasing the market’s volatility as Bitcoin approaches the $100,000 milestone.
Also Read: Department Of Justice Seeks To Seize $16 Million In Crypto Assets Tied To FTX Bribery Case
What Experts Are Saying: Speaking with Benzinga, Nexo Dispatch Analyst Iliya Kalchev highlighted that Bitcoin’s ascent to $100,000 could be within reach given the current alignment of institutional and retail interest.
“Bitcoin’s allure as both …
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