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Bitcoin Nears $96,000: Will Further Growth Follow?

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by Giorgi Kostiuk

3 hours ago


Bitcoin continues trading around the $94,000 mark, showing moderate growth amid market uncertainty. Institutional investments are rising, yet regulatory risks remain significant.

Current Bitcoin Price Dynamics

As of February 24, 2025, Bitcoin is trading at $94,000 according to CoinMarketCap, reflecting a 0.25% increase over 24 hours. The price fluctuated between $95,120 and $96,503, remaining 12% below its all-time high of $109,114 set in January 2025. ETHNews analysts project moderate upward movement this week but caution against potential volatility tied to macroeconomic updates.

Institutional Investments and Regulatory Risks

Institutional inflows continue to rise. Trading platforms such as Coinbase report steady buy orders from corporate treasuries and ETFs. Meanwhile, Grayscale's Bitcoin Trust recorded its first inflows in six months, indicating renewed institutional interest. On the regulatory front, SEC’s pending decision on spot Ethereum ETFs could indirectly impact Bitcoin, while Congressional hearings on stablecoin legislation may influence market sentiment.

Technical Analysis and Forecasts

Technically, Bitcoin needs to reclaim the $98,000 level to confirm bullish momentum. Failure to breach this level risks consolidation between $93,900 and $96,500. Long-term holders show little movement, with Glassnode data indicating 70% of the supply remains inactive for over a year. Key levels to watch are support at $93,900 and resistance at $98,200, whose breakout will determine Bitcoin's market direction in March.

Bitcoin maintains its dominance over the cryptocurrency market at 52%, with altcoins not significantly reducing its share. Market attention focuses on Bitcoin, particularly amid regulatory and macroeconomic uncertainty. Analysts continue to monitor price movements at key resistance and support levels to determine future market trends.

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