Categories: Crypto Review

Bit-comment: Bitcoin’s fight for $10,000 isn’t over yet

Bitcoin’s $10,000 fight isn’t over yet. At night, Bitcoin made another attempt to break through the threshold round level. This time the maximum level for the coin was around $10,100. Up to this point, the trading volumes were growing as well, which indicated that the growth was driven by the strengthening of purchases. However, the strength of this impulse once again turned out to be insufficient, and the price was pushed back below this mark.

Market participants are not in a hurry to get excited, assuming that the current jump is a temporary dynamic. The current positive momentum could also be based on the statement of American Senator Mike Crapo that the government will not be able to block Bitcoin even if it wants to. Everybody already knew that, but such revelations from senior officials are always very pleasing to the crypto community. Bitcoin awareness and benchmark status could make it a really common means of payment, but volatility would not allow that to happen, so instead of Bitcoin, the stablecoins would be used for actual trade settlements, leaving the door open for competitors.

The FxPro Analyst Team

The FxPro Analyst Team

Our team consists of financial market experts. Our dedicated professionals prepare reviews on the foreign exchange market situation, Crude Oil, Gold and Stock Indices. All the analysts are regularly published in the world leading economic media.

Share
Published by
The FxPro Analyst Team

Recent Posts

EURCHF Wave Analysis 20 December 2024

- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…

3 days ago

USDCHF Wave Analysis 20 December 2024

- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…

3 days ago

The US dollar ends the year on a strong note

The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…

3 days ago

How deep will crypto dive?

The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…

3 days ago

EURGBP Wave Analysis 19 December 2024

- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…

4 days ago

EURJPY Wave Analysis 19 December 2024

- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…

4 days ago

This website uses cookies