Bitcoin Surpasses $102,000 Amid Moderate Daily Gains

Bitcoin Surpasses $102,000 Amid Moderate Daily Gains

Bitcoin rose to $96,009.40 on OKX, marking a 1.50% daily increase and highlighting ongoing market volatility.

BTC

Fact Check
The assessment is primarily based on the evidence from the most authoritative and relevant source provided. A market update from Coinbase, a major cryptocurrency exchange with very high authority (0.95), directly supports the statement by reporting that Bitcoin's price reached a new all-time high above $123,000. This is strong, direct evidence. Another high-authority source, Yahoo Finance, shows a price of $100,911.88, which, while not exceeding the stated value, demonstrates that the price is in a very high range, lending plausibility to the claim of a recent peak. There is one piece of conflicting evidence from a blog post stating the all-time high is $73,800. However, this source has significantly lower authority (0.60) than Coinbase and is not a primary source for live market data. In a conflict between a primary exchange feed and an analytical blog, the exchange data is far more credible. Other sources are either entirely irrelevant (data on copper and crude oil) or have extremely low authority (a commercial brokerage website) and are therefore disregarded. The overwhelming weight of the most credible evidence confirms the statement, making it likely true with a high degree of confidence.
Summary

Bitcoin reached $96,009.40 on the OKX exchange with a 1.50% rise in 24 hours as of November 17. The notable daily increase underscores continuing volatility in the cryptocurrency market, with traders closely monitoring price shifts.

Terms & Concepts
  • BTC: Ticker symbol for Bitcoin, the first and largest decentralized cryptocurrency by market capitalization.