🎁BTC Nears $100k: Top Blockchain Stocks & ETFs to Watch!

$Bitcoin(BTC.USD.CC)$ broke through $89,000 on Monday, this is the biggest single day $ price increase in Bitcoin history!

And it break through $90,000 on Tuesday.

1. Blockchain stocks and related ETFs are in a frenzy

Let's Take a look at the following blockchain stocks(with market cap over 1 Billion) that have seen great gains on Monday.

$Marathon Digital Holdings Inc(MARA)$ , $CleanSpark, Inc.(CLSK)$ , $Bitdeer Technologies Group(BTDR)$ , $Hut 8 Mining Corp(HUT)$ , $Coinbase Global, Inc.(COIN)$ ,$Riot Platforms(RIOT)$ , $Iris Energy Ltd(IREN)$ , $TeraWulf Inc.(WULF)$ , $Cipher Mining Inc.(CIFR)$

Some blockchain stocks continue to increase their BTC holdings: $MicroStrategy(MSTR)$ and $Marathon Digital Holdings Inc(MARA)$.

Read More>>

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• RBLX, MSTR, BTC, GME& TSLA Enjoy Great Potential Here!

• Trump Reclaims Presidency, BTC Stocks Skyrocket, Leveraged ETFs in Focus

What'more, some ETFs and leveraged ETFs also performed well:

🎁Which profitable stock did you successfully catch? Join the profit sharing and discussion>>

🎁[Events] The Bitcoin To The Moon, How Much Did You Make?

2. And do you know why the BTC concept continues to soar?

Never sell your Bitcoin. Trump said this at the BTC conference in Nashville a while ago. Its just a matter of time until the clip of him saying this gets trending across media. Super bullish and very very high conviction on this coin sitting at 30k.

The recent rise in Bitcoin (BTC) prices can be attributed to several factors:

1. Political Factors: The U.S. presidential election results have had a significant impact on the Bitcoin market. According to search results, the market's bullish sentiment on Bitcoin has strengthened after Donald Trump's victory, as he promised during his campaign to place the United States at the center of the cryptocurrency industry and implement several policies, including the establishment of a national Bitcoin reserve. Additionally, some legislators who are friendly to cryptocurrencies are among Trump's supporters, which increases market expectations for a more lenient regulatory environment for the cryptocurrency industry in the future.

2. Market Expectations: Investors anticipate that under the Trump administration, the regulatory environment for cryptocurrencies will become more favorable, which has sparked market enthusiasm for purchasing Bitcoin. Market participants expect that with increased support for the cryptocurrency industry, Bitcoin's price may continue to rise.

3. Institutional Investor Demand: Recently, U.S. spot-based Bitcoin exchange-traded funds (ETFs) have experienced a significant inflow of funds, indicating strong demand from institutional investors for Bitcoin. Particularly after Trump's victory, the inflow of funds into U.S. spot Bitcoin ETFs reached $1.61 billion.

4. Interest Rate Policy: The Federal Reserve's interest rate policy has also affected Bitcoin prices. The Fed has lowered interest rates, which typically leads investors to be more inclined to invest in riskier assets, such as Bitcoin, rather than keeping their money in banks for lower returns.

5. Market Cyclicality: Historically, Bitcoin has performed well in November, with an average increase of 44.24%, making it the best-performing month of the year. This cyclical performance may also contribute to the current price increase.

6. Market Sentiment: There is a general sense of optimism in the market for Bitcoin, especially with political developments and potential regulatory support, and the market is optimistic about Bitcoin's future.

In summary, the recent rise in $Bitcoin(BTC.USD.CC)$ prices is the result of a combination of factors, including political factors, market expectations, institutional investor demand, interest rate policy, and market cyclicality.

3. The question is, can BTC continue this week?

1) For BTC price expectations, the market believes that it will soon reach $100,000 this week:

• 10x Research's forecast: Analysts predict that Bitcoin may reach $100,000 in the new year, a forecast based on institutional interest, market signals and Bitcoin's dominance.

• CoinCodex's forecast: According to CoinCodex's Bitcoin price forecast, Bitcoin's price is expected to rise 21.22% to $106,795 by December 11, 2024.

2) Public data shows: BTC ETF funds continue to net inflow

• US exchange-traded funds (ETFs) investing in Bitcoin have seen a record single-day net inflow of $1.38 billion.

• In the past week, digital asset products have seen inflows of $2.2 billion, bringing the total year-to-date to $29.2 billion, a historical peak in the field of Bitcoin investment.

• BlackRock Inc.'s spot Bitcoin ETF has surpassed its gold fund in size, setting a record demand for ETF investment in Bitcoin. BlackRock Inc.'s $iShares Bitcoin Trust(IBIT)$ has seen an unprecedented inflow of $1.1 billion in one day. The fund accounted for about 81% of the day's total inflows.

In Sumarry:

The current market sentiment and future expectations still support BTC to continue to rise, and we hope that Tiger Traders can continue to trade Trump.

But pay attention to risk control.

If you need more flexible fund calls, welcome to use the Tiger Trade Cash Boost function. Wish you a happy investment.

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