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Today in crypto, Bitcoin price crosses $85,000 boosted by investors’ sentiment, FTX bankruptcy estate filed a $1.8 billion lawsuit against Binance and CryptoQuant boss Ki Young Ju thinks Bitcoin could end 2024 under $59,000 despite it hitting new highs.

Bitcoin hits new $85K high, with just 17% left for BTC $100K record
Bitcoin recently surged to an all-time high of $85,000, placing it within 17% of the $100,000 milestone. Analysts attribute this rally to favorable market dynamics, including heightened volatility in derivatives and significant inflows into spot Bitcoin ETFs. These conditions, combined with optimism around potential regulatory support, could push Bitcoin past $100,000 by the end of 2024. 

Market participants remain optimistic, viewing the recent trends as a sign of growing institutional interest and confidence in the crypto space.