Bitcoin reached an all-time high of $98,000, just two grand away from a $100,000 price tag. This surge in the cryptocurrency’s value has been driven by inflows toward spot BTC ETFs, which now have over $100 billion in Assets Under Management, and a market cap of well above $1.9 trillion, making it the seventh-largest asset globally.
Bitcoin’s dominance in the crypto market has risen to 58%. Meanwhile, many altcoins, including ADA, SUI, DOT, PEPE, AVAX, have dropped by over 5%. In contrast, SOL and XRP have charted minor gains, and BCH has surged by 17% to well above $500. BSV has also charted an impressive surge of 10.3% to $76.
The total crypto market cap has also reached a record of over $3.330 trillion, rising by $80 billion in a day.
