#BTCReclaims101K Price Fluctuations and the Bitcoin Market
• Bitcoin reached a record high of 103,918 USD on December 5 before correcting by 10%, dropping to a low of 90,200 USD during the pullback but quickly recovering.
• The CEO of CryptoQuant, Ki Young Ju, stated that demand from ETF funds and strong accumulation by institutions are limiting the extent of corrections in this bullish cycle.
Growth Across the Cryptocurrency Market
The recovery of Bitcoin has sparked a strong price increase across the entire cryptocurrency market:
