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Bitcoin's ascent captures the spotlight of global liquidity dynamics amid the weakning US dollars and faltering traditional assets.
From BTC price predicted to cross $200,000 to a boom in Bitcoin treasury companies and crypto IPOs, here are the trends to watch out for.
Along with major cap altcoins, tokens related to NFT applications and artificial intelligence also posted significant gains in the past 24 hours.
Crypto liquidations surpass $243 million as Bitcoin slips amid sustained inflation and geopolitical worries.
Bitcoin accounts for 83% of crypto inflows as the US leads global investment momentum.
Falling inflows suggest a holding behavior from investors, indicating that selling at $105,000 could be out of question.
As of press time, Bitcoin was trading at $103,801.74, up 4.5% over the past 24 hours after hitting an intraday low of around $99,500.
Global oil markets are jittery after U.S. airstrikes on Iran threaten the closure of the Strait of Hormuz, while Bitcoin price remains steady.
Geopolitical tensions and heavy selling pressure trigger massive liquidations as Bitcoin dips below key resistance.
