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Bitcoin to $100k
Bitcoin to $100k

Cryptocurrency

Surging Stablecoin inflows may propel bitcoin to the $100K milestone

Record-breaking stablecoin inflows to cryptocurrency exchanges, totaling $9.7 billion, indicate increased investor activity, feeding expectations that Bitcoin will reach $100,000. Analysts see historical tendencies and recent ETF inflows as drivers for this expected milestone. Bitcoin’s price trend is gaining global attention, with stablecoin inflows to cryptocurrency exchanges reaching an all-time high of $9.7 billion every month. This spike suggests strong investor interest, which might drive Bitcoin beyond the psychological $100,000 threshold before the end of November, a historically bullish month for the cryptocurrency.

Crypto markets heavily rely on stablecoins, commonly serving as a bridge between fiat and cryptocurrency. Their inflows frequently suggest increased buying pressure, and the most recent surge reflects an influx of capital that may be targeting Bitcoin and other digital assets. Leon Waidmann, Head of Research at the Onchain Foundation, stated that “stablecoin liquidity is back, and speculative demand continues to soar.” His views highlight the increased hunger among investors, potentially paving the way for major price fluctuations in bitcoin.

Why Do Stablecoin Inflows Matter?Previous trends show how stablecoin inflows affect Bitcoin’s price. For example, in August, a $1.3 billion USDT infusion coincided with Bitcoin rising from a five-month low, resulting in a 21% gain in just a few days.

A similar pattern currently fuels anticipation that Bitcoin may hit $100,000. Analysts weigh in.Market experts remain hopeful. According to Ryan Lee, Chief Analyst at Bitget Research, if Bitcoin follows its historical tendencies, a moderate 14.7% price increase from current levels may propel it well over the coveted $100,000 threshold. The continued post-halving cycle strengthens the positive sentiment.

ETF momentum increases optimism. Adding to the bright outlook, spot Bitcoin ETFs in the United States have seen net inflows for six weeks in a row. They amassed $1.67 billion in just the last week.

On November 20, net inflows were $773 million, marking three days of increases and cementing ETFs as support for Bitcoin’s upward trajectory. Bitcoin nears a milestone.Bitcoin is currently trading around $98,800, close to its all-time high. With November coming to a close and stablecoin liquidity soaring, all eyes are focused on whether Bitcoin can create history by surpassing the $100,000 barrier.

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CryptoCorn
CryptoCorn is Editor and Author at 4C Media Co. and covers all stories and news related to Crypto & Finance. Excellent blogger and Passionate Crypto Trader. Follow her on twitter at @cryptocorn7.
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