Bitcoin today 14/12/2024: On the rise, BTC returns to US$ 101 thousand

The price of Bitcoin Today 14/12/2024 is showing a significant rise that caused the asset to return to trading above US$ 101 thousand. Yesterday the asset reached a peak when trading at US$ 102.628, but did not sustain its upward movement and retracted to the current level.

This week, the cryptocurrency market reacted positively and began an upward movement, with Bitcoin (BTC) surpassing the US$ 101 thousand mark, driven by the release of the Consumer Price Index (CPI) in the United States. However, the price of the largest cryptocurrency retreated a few times below this zone, reaching a low of US$ 94 thousand, the lowest level of the week.

As Bitcoin holds steady above the historic $100 mark, corporate executives have sold shares in unprecedented volumes . According to data shared by Kobeissi Letter on December 12, the ratio of buyers to sellers in the traditional stock market reached a record high of 6:1. This movement reflects a strong selling trend, possibly driven by high market values ​​or economic uncertainty.

Renowned cryptocurrency analyst Ali Martinez observed in his technical analysis that if Bitcoin follows the patterns of the 2015 and 2018 cycles, the next market top could occur in October 2025. However, according to the expert, if BTC mirrors the 2011 cycle, the market top has already happened.

At the time of publication, the price of Bitcoin was quoted at US$ 101.678 with an increase of 1.3% in the last 24 hours, equivalent to approximately R$ 614.269,66 BRL and € 96.780,04 EUR. In its weekly development, the asset showed a slight recovery of 2%.

Similarly, following Bitcoin’s recent move, most major cryptocurrencies are seeing significant price recoveries in the last 24 hours. Ethereum is trading at $3.900,06 with a 0.2% drop in its price. XRP is trading at $2,43 with a 2.9% increase. Cardano is up 0.2% and is now priced at $1,10. Solana is down 0.5% and is trading at $224,82.