Why Bitcoin Price is Up Today? Factors Driving the Latest Surge Towards $100K

The post Why Bitcoin Price is Up Today? Factors Driving the Latest Surge Towards $100K appeared first on Coinpedia Fintech News

After teasing below $92k earlier this week, Bitcoin (BTC) price surged over 4 percent in the last 24 hours to briefly reach a range high of about $97,360, before retracing to $95,740 on Thursday, during the early Asian session. The flagship coin has attempted to regain bullish momentum to rally towards $100k before the end of November.

The ongoing Bitcoin price rebound carried with it the majority of the altcoin industry during the last 24 hours led by Ethereum (ETH). Consequently, the crypto cash rotation largely favored altcoins as depicted by the declining Bitcoin dominance in the recent past.