Bitcoin (BTC) is approaching the $100,000 mark, currently trading at $99,207.54. It has shown strong bullish momentum, with a 24-hour trading range of $96,874.82 to $99,497.97. Trading volume and market capitalization for BTC have increased, indicating growing confidence and potential for further gains. However, BTC dominance has slightly declined as investors allocate capital to ether (ETH) and other altcoins. The futures market has seen increased speculation, with a significant short squeeze of $128.35 million, driving BTC's price higher. Market sentiment remains bullish, and breaking past $100,000 could lead to new all-time highs for BTC. Support remains around $97,000.
Content Editor ( news.bitcoin.com )
- 2025-02-21
Bitcoin Nears $100K as Trading Volume and Futures Interest Surge
