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bitcoin reaches 100k but analysts warn of potential corrections ahead
Bitcoin has reached an all-time high of $100,000, sparking optimism among investors, but also raising concerns about potential corrections. Analyst Jane Adams warns against buying at this peak, citing historical patterns of sharp declines following significant rallies. In contrast, Coinbase CEO Brian Armstrong celebrates the milestone, emphasizing Bitcoin's long-term growth potential.
bitcoin surges towards 100k as market dynamics shift and firms invest
Pantera Capital's Bitcoin Fund has achieved a staggering 1,000x return since its 2013 launch, while Bitcoin recently faced a correction after nearing $100,000. Major acquisitions by firms like MicroStrategy and Jiva Technologies highlight ongoing institutional interest, despite bearish on-chain metrics suggesting potential consolidation ahead.
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