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Bitcoin rises to $ 91,000 after daily capital inflow of $ 100 billion
Over the past 24 hours, bitcoin’s capitalization BTC $90,642.12 Mezo Wrapped BTC -0.07% Market capitalization $42.77 million VOL. 24 hours $1.13 billion has increased by about $ 100 billion, from $ 1.73 trillion to $ 1.83 trillion. According to CoinMarketCap, cited by Finbold, the BTC rate was $ 91,594 at the time of publication. This was a sharp recovery after falling to around $ 86,000 the day before. Trading volumes increased by 21.7% to $ 72.9 billion, indicating a return to market activity.
The growth followed a 30-day decline of 19.78%. Analysts explain it not as a reversal of a long-term trend, but as a technical recovery from oversold conditions. An additional factor was investors' optimism about a possible easing of monetary policy by the US Federal Reserve. It is expected that the December FOMC meeting may give signals of future rate cuts, which has a positive impact on liquid assets, including cryptocurrencies.
Blockchain data shows that large bitcoin holders, the so-called «whales,» have used the recent drop to increase their positions. Over the past week, they have purchased about 30,000 BTC worth more than $ 2.7 billion. Previously, such actions often indicated a stabilization of the market or the beginning of a new upward movement.
On the technical side, the key resistance level is formed near the 30-day moving average at $ 98,852. A breakout of this level could trigger a new wave of buying and bring the rate closer to the psychological limit of $ 100,000. The nearest support remains in the $ 87,000 area, where buyer activity was previously observed.
Analysts emphasize that the further movement of bitcoin will depend on several factors: expectations about Fed policy, the behavior of large investors, and market dynamics after the technical recovery. Holding the rate above $ 91,000 could signal the return of structural demand, while failure to gain a foothold at these levels could turn the rise into a short-term rally within the bear market.
