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Bitcoin Breaks $100K And Microsoft Eyes Bitcoin: A Historic Week in Crypto Markets.

Bitcoin Breaks $100K And Microsoft Eyes Bitcoin: A Historic Week in Crypto Markets.

Explore the latest market moves: Bitcoin’s historic milestone, the rise of altcoins, and a game-changing corporate vote.

Matt Curda
December 07, 2024

Hello Investors!

Some of you reached out to ask about guides and tips.

To help you out, I’ll share more educational content at the beginning of each newsletter.

Let me know in the comments or reply to this email if this is helping you or not.

But now to the juicy news that are moving the markets this week.

Check out the full guide to learn more.

Bitcoin market. Source: Dall-e

Bitcoin has reached a historic high, surpassing the $100,000 mark for the first time.

This is a significant psychological barrier that many did not expect Bitcoin ever to achieve.

This surge is accompanied by record inflows into Bitcoin exchange-traded funds (ETFs), with over $2.7 billion invested in a single week.

Bitcoin inflows. Source: Farside

This is the bull market flywheel:

With a lot of ‘FOMO’ (Fear Of Missing Out) and media attention covering the space, the price goes even higher.

BTC fell sharply by 10% soon after crossing the barrier thanks to $649 million in liquidations.

There will be turbulence around this level until we either retract with a market correction or see that we have really crossed it.

I’m looking to take out some profits in December, start DCA-out, and get ready for the correction to step back in.

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Altcoin Season Index. Source: Blockchaincenter

The Altcoin Season Index has reached 88, indicating that we are in an altcoin season.

That means, a significant majority of altcoins are outperforming Bitcoin over the past 90 days.

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