Bitcoin's price premium on Coinbase rebounded after flipping negative during the recent pullback, suggesting that American traders may be driving the rally.
What to know
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Bitcoin hits $98,700, up 3.3% in broad crypto rally.
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BTC futures on CME briefly surpassed $100,000 for the second time after last week's first, a sign of strong institutional participation.
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Bitcoin miners BTDR, MARA, RIOT also surged, outpacing crypto-related stocks COIN and MSTR.
One week after its first attempt, bitcoin (BTC) is once again approaching the $100,000 milestone on Friday as crypto prices surged higher alongside the return of U.S. traders following Thanksgiving.
The Coindesk Bitcoin Index climbed to a $98,690 session high during early U.S. hours, advancing 3.3% over the past 24 hours. The broad-market CoinDesk 20 Index surged 6.2% during the same period, indicating that altcoins led the advance. XRP, ADA, RENDER and HBAR booked double-digit gains during the day.
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https://www.coindesk.com/markets/2024/11/29/bitcoin-price-makes-another-run-at-100-k-as-u-s-traders-return-after-thanksgiving