The cryptocurrency market shows positive results after a mixed year-end. Bitcoin is back in the spotlight as its price reaches $98,000.
Bitcoin's Comeback
After a significant drop in December, Bitcoin is on the rise again, reaching $98,000. The global market cap increased by 2.31%, hitting $3.49 trillion, with trading volumes at $123 billion. The Fear and Greed Index rose from 50 to 60, indicating growing investor confidence.
US Rising ETFs
Bitcoin ETFs in the US have attracted significant funds, signaling growing institutional interest. Inflows reached $900 million. Fidelity's ETF led with $357 million, BlackRock's followed with $252 million, and Ark Invest's with $222 million. Data shows over 48,000 BTC have been withdrawn from exchanges, indicating long-term holding.
Bitcoin Forecasts and Challenges
Despite uncertainty due to upcoming political events, Bitcoin's outlook remains positive. Experts predict Bitcoin to reach $200,000 by the end of 2025. However, the market might face a consolidation period, and regulation could be delayed.
The cryptocurrency market shows signs of revival but remains influenced by various factors. Investors and analysts are optimistic, expecting further growth for Bitcoin.
