New Milestone: Bitcoin Smashes Through $105,000
Bitcoin reached a new all-time high of $105,149 on December 15, 2024, marking a 4% daily gain and driving its market capitalization to $2.07 trillion, just behind Google. With $70.27 billion in trading volume, the milestone underscores strong liquidity and investor interest.
Over $44 million in short positions were liquidated, reflecting bullish market sentiment. Analysts suggest this surge could attract more institutional investors, solidifying Bitcoin’s status as a top-tier asset. As 2024 nears its end, Bitcoin’s rise continues to amaze the financial world, though questions remain about its future stability.
Clever Robot News Desk 16th December 2024
