Bitcoin tests $ 98,000 level

The price of bitcoin BTC $98,389.72 Bitcoin 0.04% Market capitalization $1.95 trillion VOL. 24 hours $3.63 billion has reached a new all-time high, exceeding $ 97,800. According to CoinGecko, a 5.1% increase over the past day has raised bitcoin’s market capitalization to $ 1.922 trillion, bringing it closer to Amazon’s. Bitcoin’s market share is 58%, and the crypto market capitalization reaches $ 3.3 trillion.

The price increase is partly attributed to the start of trading in options on the BlackRock spot bitcoin ETF. The previous level of $ 94,000 was overcome the day before, which stimulated further growth. According to Coinglass, traders' positions worth $ 454.8 million were liquidated over the past day.

The Fear and Greed Index for cryptocurrencies reached 82 points, indicating extreme greed in the market. Experts, including the head of CryptoQuant, Ki Yun Ju, predict further growth of bitcoin to $ 135,000 in the current cycle. Analysts at BCA Research and Bernstein suggest that it may reach $ 200,000.

The active growth of the market leader demonstrates the increased interest of investors in digital assets amid the development of spot ETFs and strengthens its role as a leader among cryptocurrencies.