Bitcoin market conditions > free

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Bitcoin has been close to $100,000 over the recent weekend, but recovered slightly after retreating to $96,000 and is now moving sideways around $97,000.

As of 7:40 a.m. on the 12th, Bitcoin is trading at $97,765 (about 137.4 million won), up 0.05% from 24 hours ago.


Bitcoin rose to $99,655 (about KRW 1400.6 million) on the 23rd, but fell below $100,000.

Ethereum was $3,348 (about 4.7 million won), down 1.83% from 24 hours ago.

The $100,000 is a major resistance to Bitcoin and is being pointed out as a factor that prevents profit-taking sales from crossing this price range.


There has been no special news recently, but Bitcoin is expected to remain strong.

Bitcoin is likely to be designated as a national reserve asset in the second Trump administration, which is expected to serve as a factor that can increase the value of Bitcoin.


Michael Novogratz noted that the price could rise to $500,000 if Bitcoin is recognized as a strategic reserve asset, and Cash Wood expects it could reach up to $1.5 million by 2030.