WATCH THE VIDEO HERE Bitcoin (BTC), the world’s first and largest cryptocurrency, has hit a roadblock after crossing the $100,000 psychological barrier. Currently trading at approximately $96,000, it has fallen short of its December 17 peak of $108,000, leaving investors searching for opportunities in other corners of the crypto space, particularly Web3 gaming. Bitcoin is yet to cross the $100,000 mark for the past seven days raising concerns over the return of the psychological barrier which the crypto asset struggled to cross for the entire length of November. There are several factors leading to this new stagnation by the crypto asset and they are as follows. The recent pullback in Bitcoin’s price has been attributed to several factors, all of which have dampened buying momentum and market sentiment: As Bitcoin struggles to regain upward momentum, attention is shifting to the growing Web3 gaming sector. This emerging space is seen as a beacon of hope for innovation and new opportunities in the cryptocurrency market. Combining blockchain technology, decentralized finance (DeFi), and gaming, Web3 projects have begun attracting significant interest from investors seeking fresh growth avenues. With Bitcoin facing headwinds from macroeconomic factors, regulatory challenges, and seasonal corrections, the spotlight is turning to alternative sectors like Web3 gaming to reinvigorate market optimism and drive the next wave of growth in the crypto space.
Bitcoin stalls below $100K for a week following Bearish factors
