Bitcoin passes a historical milestone: $100,000

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Bitcoin has outperformed the S&P 500 by more than 25% year-to-date and, on December 5th, 2024, reached the $100,000 price level—a historic milestone for an asset that has existed for less than two decades.

The previous resistance level of $73,000 was breached, creating momentum for price discovery that led to $100,000. If a solid breakout above the $100,000 price level occurs, further price discovery is highly likely, as Bitcoin is now trading at all-time highs.

If the $100,000 price level is rejected, the support level of $73,000 could be tested, potentially leading to further downward price movement.

It is important to note that the current market capitalization of Bitcoin is over $2 trillion, and the circulating supply is more than 92% of the total supply. The Genesis block (the first block) of Bitcoin was processed on January 3rd, 2009. Since its inception, Bitcoin has faced difficulty in being understood by the majority of the population. However, after 13 years, there has been significant improvement in the public's understanding of Bitcoin.
Back to articles

Actual Topics

Thu, 12 Dec 2024 09:03:14 GMT

Swiss National Bank cuts rates more than expected

On December 12, 2024, the Swiss National Bank made necessary changes to the interest rate of the national currency. The initially forecasted interest rate cut was 0.25%, but unexpectedly, the market saw a cut of 0.50%. The new interest rate is now 0.50%. The larger-than-anticipated rate cut has had a negative impact on the national currency against the dollar. In

Wed, 27 Nov 2024 11:38:44 GMT

Coffee prices rise in fears of a further drought

Coffee prices have seen a significant increase due to concerns about the future supply of coffee crops. Year-to-date, coffee prices have risen by over 72%, outperforming the S&P 500 index by nearly 50% so far this year. Ongoing drought conditions in Brazil are raising concerns about long-term damage to the country's coffee crops, driving prices higher. Since April, below-average rainfall

Subscribe to "Fundamental Analysis" feed

Abonnieren
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere handelsbezogene Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Für weitere Informationen über eine mögliche Zusammenarbeit,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Dukascopy Bank Binären Optionen zu lernen /Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über die Forex/CFD Handelsplattform von Dukascopy Bank SA, sowie über den SWFX und weitere Handelsbezogenen Informationen zu erfahren,
rufen Sie uns bitte an oder hinterlassen Sie eine Rückrufanfrage.
Um mehr über Krypto Handel/CFD/ Forex Handelsplattform, SWFX und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Um mehr über Business Introducer und andere Handelsbezogenen Informationen zu erfahren,
bitte rufen Sie uns an oder fordern Sie einen Rückruf an.
Für weitere Informationen über eine mögliche Zusammenarbeit,
rufen Sie uns bitte an oder bitten Sie um einen Rückruf.