News View Non-AMP

Will Bitcoin Hit $100K Today? Here’s Why Nov. 28th is Important

Published by
Vignesh S G

Yesterday, Bitcoin’s price surged by over 4.16%, bringing it within 4.9% of the $100,000 milestone. If Bitcoin crosses this barrier today, it would be a significant event, not just for the crypto community, but also for supporters of the Simulation Theory. Superstate CEO Robert Leshner recently said he would reconsider his views on the theory if Bitcoin hits $100K today.

So, why is everyone talking about this? What makes today so special?

BTC & Nov. 28: What’s So Special About This Date

When Bitcoin reached $98,500, many expected it to break through the $100K mark immediately. However, the price stalled at $98,935. From November 23 to 26, the market dropped sharply by over 7%. Despite this, buyers have made a strong comeback, pushing the price from $91,860 up to $95,913. If this momentum continues, Bitcoin could very well reach $100K today.

November 28 holds special significance for Bitcoin. On this day in 2013, Bitcoin first crossed the $1,000 mark. Four years later, in 2017, Bitcoin surpassed $10,000 on the same date.

A Closer Look at the Simulation Theory

The Simulation Theory, introduced by Oxford philosopher Nick Bostrom in 2013, suggests that advanced civilizations could create simulations that are indistinguishable from reality—a concept that predates the rise of virtual and augmented reality.

Although Leshner has been skeptical of the Simulation Theory, he stated that if Bitcoin reaches $100K today, he would reconsider his stance. This makes the current moment even more interesting, as it connects Bitcoin’s price action with a thought-provoking theory.

Curious about where Bitcoin is headed next? Read Bitcoin price prediction insights and stay ahead of the market trends!

Today, Bitcoin’s price has dropped slightly from $95,832 to $95,380. On the hourly chart, while buyers initially helped the price recover from earlier drops, sellers have since taken control, pushing the price lower.

Not everyone is convinced that Bitcoin will hit $100K by the end of November. Polymarket bettors are currently assigning just a 21% chance to this happening.

As Bitcoin moves closer to $100,000, the excitement around November 28 continues to grow. Whether it’s the historical milestones or the theories surrounding it, this date is adding to the buzz.

FAQs

How much will 1 Bitcoin be worth in 2025?

As per Coinpedia’s BTC price prediction, 1 BTC could peak at $169,046.

How much is Bitcoin today?

At the time of writing, 1 Bitcoin value was $94,712.05

Vignesh S G

Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

Recent Posts

Bitcoin ETFs Face $100M Outflows as Markets Plunge Following Trump’s Tariff Shock

On Thursday, U.S. spot Bitcoin ETFs faced $99.86 million in net outflows as the stock…

April 4, 2025

Ethereum (ETH) Price Prediction for April 2025

Ethereum (ETH/USD) price held a crucial support range between $1,755 and $1,800 as the United…

April 4, 2025

Why Crypto Is Down Today: Traders React to Tariffs, Eye Fed’s Next Move

The crypto market has hit a rough patch, slipping to $2.65 trillion after a 1.02%…

April 4, 2025

Crypto Awaits Fed Rate Cut Decision Amid Recession Fears

Crypto markets went on a rollercoaster ride this week as investors reacted to President Trump’s…

April 4, 2025

Zoomex Review: The New Crypto Exchange with Many User-Focused Features

Since launching in 2021, Zoomex has quickly made a name for itself as a crypto…

April 4, 2025

Bitcoin Price Prediction 2025- BTC Price May Revamp Bull Run Only After Reaching These Levels

The crypto markets were heavily consolidating ahead of Trump’s Liberation Day, where new tariffs were…

April 4, 2025