Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Bitcoin (BTC) Consolidates Above $100,000 Amid Market Volatility
ADOPTION NEWS

Bitcoin (BTC) Consolidates Above $100,000 Amid Market Volatility

By Crypto FlexsDecember 10, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin (BTC) Consolidates Above 0,000 Amid Market Volatility
Share
Facebook Twitter LinkedIn Pinterest Email

Louisa Crawford
December 9, 2024 15:14

Bitcoin recently breached the $100,000 mark, reaching a high of $104,000 before a sharp correction. Market indicators suggest stabilization is possible despite recent volatility.





Bitcoin surpasses $100,000 milestone

Bitcoin (BTC) made headlines last week by surpassing $100,000 for the first time, reaching an all-time high of $104,000. According to Bitfinex, this incredible feat represents a 111% increase from its summer low of just under $50,000. However, the rally was short-lived as BTC experienced a sharp 14.84% correction, including a rapid 10% drop in just 8 minutes, marking the largest pullback in ATH since the pre-election sell-off.

Market Correction and Clearing

This correction triggered liquidations of over $1.1 billion, leaving Bitcoin long positions at $419 million, highlighting significant leverage within the market. Despite the volatility, there are signs of stabilization. Realized profit metrics, which stood at $15 billion each day, fell to $2.5 billion, reducing sell-side pressure. Additionally, futures funding rates have normalized, reducing speculative leverage.

Economic indicators and market outlook

Despite the recent volatility, the mid-term outlook for Bitcoin remains positive as funding rates normalize and sell-side pressure decreases. ETF inflows slowed slightly late last week but continue to provide significant support as long-term holders continue to benefit.

Meanwhile, the latest US economic data presents a mixed picture. November saw a strong rebound in job creation, with 227,000 jobs added, despite disruption from the hurricanes in October. However, with the unemployment rate slightly increasing to 4.2%, it appears that the workforce will remain. Job openings jumped to 77.4 million in October, reflecting continued demand for labor, but hiring slowed, signaling employer caution amid economic uncertainty.

Global Crypto Development

In Global Crypto News, South Korea has witnessed a sharp surge in crypto trading, hitting $34 billion in just 24 hours on the country’s major exchanges following President Souk-El Yoon’s declaration of martial law. This political unrest has led to panic selling and platform outages, highlighting the market’s sensitivity to geopolitical instability. Additionally, as Bitcoin reaches new milestones, bankruptcy exchange Mt. Gox moved $2.4 billion worth of Bitcoin to a new wallet.

Grayscale also made headlines by joining the competitive race to launch the Solana ETF and filing to convert the Solana Trust into Sol Rallied. These developments highlight the dynamic interplay of political, regulatory, and historical factors shaping the cryptocurrency landscape.

Image source: Shutterstock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Exchange Rollish is expanded to 20 by NY approved.

October 2, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025
Add A Comment

Comments are closed.

Recent Posts

CME Group Launches CFTC Regulated Solana and XRP Options

October 13, 2025

Eightco Holdings Inc. ($ORBS) Makes Strategic Investment Into Mythical Games To Accelerate Human Verification And Digital Identity In Gaming

October 13, 2025

Jiuzi Holdings, Inc. (JZXN) Secures 100 Bitcoin Via Private Placement, Signaling New Phase In Crypto Treasury Deployment

October 13, 2025

Collaboration Across Bybit, DigiFT And UBS UMINT Expands Collateral Solution For Institutions

October 13, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 3.03 Million Tokens And Total Crypto And Cash Holdings Of $12.9 Billion

October 13, 2025

Phemex Announces Halloween Futures Trading Festival With 200,000 USDT Prize Pool

October 13, 2025

ViaBTC Unveils Enhanced Collateralized Loan Service For Global Miners

October 13, 2025

Tapbit secures strong presence at TOKEN2049 in Singapore

October 13, 2025

Tapbit Delivers A Strong Presence At TOKEN2049 Singapore

October 13, 2025

Touareg Group Expands Global Presence With Establishment Of U.S. Technology Subsidiary

October 13, 2025

Cardano (ADA) Faces Selling Pressure – Is This the Start of a Trend?

October 12, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

CME Group Launches CFTC Regulated Solana and XRP Options

October 13, 2025

Eightco Holdings Inc. ($ORBS) Makes Strategic Investment Into Mythical Games To Accelerate Human Verification And Digital Identity In Gaming

October 13, 2025

Jiuzi Holdings, Inc. (JZXN) Secures 100 Bitcoin Via Private Placement, Signaling New Phase In Crypto Treasury Deployment

October 13, 2025
Most Popular

Solana L2 Sonic Achieves Major Milestone in TikTok Tap-to-Earn Push

November 11, 2024

dYdX launches Isolated Markets and Isolated Margin

May 16, 2024

Mirage of Dubai: This city may be paradise, but not for cryptocurrency entrepreneurs.

December 23, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.