The cryptocurrency market witnessed a monumental milestone on December 5th as Bitcoin officially crossed the $100,000 threshold**, marking a **5% intraday surge** and setting an unprecedented record. Year-to-date, Bitcoin has skyrocketed by nearly **140%**, with prices briefly touching **$102,000, while Ethereum climbed above $3,900.
Key Market Insights
- Liquidation Spike: Coinglass reports that over 190,000 traders faced liquidations in the past 24 hours, totaling $576 million in losses.
- Institutional Moves: Meitu Inc. announced the sale of its entire crypto holdings—31,000 ETH and 940 BTC—for $180 million**, netting a profit of **$79.63 million (~¥571 million). The company also proposed a special dividend of HK$0.109 per share.
- Price Predictions: Analysts project Bitcoin could reach $125,000 by year-end** and potentially **$200,000 by late 2025.
Risks Behind the Rally
Despite the euphoria, experts caution against volatility:
- Yu Jianing, Honorary Chairman of the Hong Kong Blockchain Association, highlights leveraged trading as a critical risk, where sudden market shifts can trigger mass liquidations.
- Zhao Wei, Senior Researcher at OKX, notes Bitcoin’s near-term trajectory hinges on investor sentiment and global regulatory shifts, warning of potential sharp corrections.
👉 Discover how to navigate crypto volatility
FAQs
Q: Why did Bitcoin surge past $100,000?
A: Momentum from institutional adoption, macroeconomic uncertainty, and speculative trading fueled the rally.
Q: Is now a good time to invest in Bitcoin?
A: While prices are bullish, experts advise caution due to high volatility. Diversify and avoid over-leveraging.
Q: What’s driving Ethereum’s price rise?
A: Ethereum’s ascent aligns with Bitcoin’s rally, boosted by its utility in decentralized finance (DeFi) and NFTs.
👉 Learn expert strategies for crypto investing
Edited by Chen Haikuo
Managing Editor: Zhang Yanhong