Crypto Market Update Dec 31: Bitcoin Climbs Over $88,000 While Canton Tops Gainers List
Bitcoin Hits New Heights Above $88,000
The cryptocurrency market is buzzing today on December 31.
Why is Bitcoin Surging?
Several factors fuel this rise. First, big investors called whales are buying more BTC. On-chain data shows large transfers to exchanges dropping, meaning less selling pressure. Second, good news from the US like ETF approvals keeps the mood positive. Spot Bitcoin ETFs now hold over 1 million BTC. Third, global money printing and weak dollar make BTC look like a safe bet.
Bitcoin dominance is at 56%, meaning…
