PANews reported on December 5th that according to CoinDesk, BTC rose 3.2% in US market trading on December 4th, reaching a high of $99,177, close to the important psychological barrier of breaking through $100,000. Trading data shows that the price of BTC on Coinbase is $300 higher than on Binance, indicating that strong demand from US investors has driven this rally.
This price fluctuation occurred after Federal Reserve Chairman Powell's speech comparing BTC to "digital gold" and calling it a competitor to gold. In addition, the nomination of Paul Atkins, who is seen as supporting cryptocurrencies, as SEC chairman by former US President Trump may also have boosted market sentiment. Analysts believe that BTC may need multiple attempts to break through the $100,000 mark.
