Bitcoin prices are nearing $100,000, with its market cap nearing $2 trillion and institutional inflows at record levels. The cryptocurrency’s dominance in the crypto market has surged to new heights, while altcoins like Ethereum lag behind. The meteoric rise of Bitcoin is fueled by strong institutional support and unprecedented stablecoin inflows, as well as anticipation for the approval of U.S.
spot Bitcoin ETFs and a pro-crypto administration. While Bitcoin continues its ascent, altcoins struggle to capture market momentum, and experts attribute Ethereum’s underperformance to competition from other networks and regulatory uncertainty in the U.S. As Bitcoin nears $100,000, market veterans predict this event could overshadow previous bull market rallies, cementing Bitcoin’s status as “digital gold.”
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