The first cryptocurrency surpassed $100,000, faced a correction, and what it means for the market. Facts and figures from recent days

<span style="background-color:transparent;color:#0e0e0e;font-family:Arial,sans-serif;font-size:10.5pt;font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline;white-space:pre-wrap;">On the night of December 4-5, Bitcoin broke the psychological barrier of $100,000, reaching a peak of $104,088 on Binance. <span style="background-color:transparent;color:#0e0e0e;font-family:Arial,sans-serif;font-size:10.5pt;font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline;white-space:pre-wrap;">At the time of writing, the flagship cryptocurrency’s price stood at $98,200. This milestone was driven by a significant increase in trading volumes. The total market capitalization of cryptocurrencies rose to $3.83 trillion, with Bitcoin’s dominance index at 53%. &nbsp;<span style="background-color:transparent;color:#0e0e0e;font-family:Arial,sans-serif;font-size:10.5pt;font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline;white-space:pre-wrap;">Bitcoin’s all-time high sparked discussions in the crypto community. Journalist Colin Wu pointed out that since the purchase of two pizzas for 10,000 BTC in 2010, the asset’s price has risen by 3.3 billion times. Former Binance CEO Changpeng Zhao recalled Peter Schiff’s 2019 prediction, which doubted Bitcoin would reach this milestone. Zhao wrote: “Don’t dream. Keep building!”<span style="background-color:transparent;color:#0e0e0e;font-family:Arial,sans-serif;font-size:10.5pt;font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline;white-space:pre-wrap;">A day before hitting its ATH, Bitcoin gained 7.1%, while Ethereum rose by 4.6%. Over the month, these assets grew by 51.6% and 59.2%, respectively. However, not all top cryptocurrencies showed comparable results: XRP, Solana, BNB, and Cardano declined in price. &nbsp;<span style="background-color:transparent;color:#0e0e0e;font-family:Arial,sans-serif;font-size:10.5pt;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre-wrap;">Correction and Market Behavior<span style="background-color:transparent;color:#0e0e0e;font-family:Arial,sans-serif;font-size:10.5pt;font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline;white-space:pre-wrap;">From December 5 to 6, Bitcoin underwent a correction, falling from $104,000 to $90,500 and then recovering to $98,000. At the time of writing, the 24-hour decline stood at 3.8%. Expert Rachel Lucas from BTC Markets attributed this to “leverage unwinding,” triggered by massive stop-losses and position closures. She noted that such events restore market balance, creating potential for further recovery.<span style="background-color:transparent;color:#0e0e0e;font-family:Arial,sans-serif;font-size:10.5pt;font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline;white-space:pre-wrap;">Liquidations amounted to $564 million, the highest since June 2024. Meanwhile, venture capital founders at the Emergence conference noted that current conditions do not indicate the end of the bull run. They emphasized lower retail investor participation compared to previous growth cycles. &nbsp;<span style="background-color:transparent;color:#0e0e0e;font-family:Arial,sans-serif;font-size:10.5pt;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline;white-space:pre-wrap;">Community Reaction<span style="background-color:transparent;color:#0e0e0e;font-family:Arial,sans-serif;font-size:10.5pt;font-style:normal;font-variant:normal;font-weight:400;text-decoration:none;vertical-align:baseline;white-space:pre-wrap;">Bitcoin’s drop had little impact on altcoin sentiment: digital assets from the top-10 showed modest growth over the day. &nbsp;

Bitcoin: price dynamics and crypto market behavior