The post Bitcoin Dominance Spikes as $100K Looms! Moon or Pullback? appeared first on Coinpedia Fintech News
Bitcoin’s unstoppable rally has the market buzzing. On November 21, BTC shot up to $97,765, an eye-popping 45% gain in just 16 days. It’s now hovering at $97,154, but all eyes are locked on one thing: the $100K milestone. Can it break through, or will resistance hold it back?
Why Bitcoin Is Exploding Right Now
There are many reasons. Since Donald Trump’s re-election, Bitcoin has added over $28,000 to its value, more than tripling from $28,000 a year ago. Its dominance has hit 61.5%—the highest since 2021—lifting the entire crypto market cap to an insane $3.28 trillion. These are massive numbers, right?
Then there’s the whale activity. Just recently, a big player snagged 3,289 BTC worth $300 million. BlackRock’s Bitcoin ETF isn’t sitting still either—it saw $628 million in inflows on the same day. These moves are a big deal, tightening the already
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