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Bitcoin Approaching $100K on Christmas Eve
Bitcoin’s price surged by nearly 140% in 2024, despite recent market volatility. Despite the cryptocurrency’s impressive growth, it still lags behind its record high of $108,135 set on December 17. As of now, Bitcoin is down roughly 9% from that level.
Notably, this year saw Bitcoin start trading at around $43,000 on Christmas Eve, marking a substantial increase from last year when it was hovering around $16,000 after the FTX implosion. SkyBridge Capital founder Anthony Scaramucci, a notable figure in the cryptocurrency space, believes that Bitcoin may even double in price next year.
The price of Bitcoin has remained stagnant this week, up by just 1%. It remains to be seen whether it will end the month in the positive territory or not.
— Alex Dovbnya
Source: u.today
