Bitcoin (BTC), the world's largest cryptocurrency by market capitalization, has fallen below the $98,000 mark. According to CoinMarketCap's market monitoring data, BTC is currently trading at $97,907.52 on the Binance USDT market. This decline in BTC's price comes after a brief recovery period where the cryptocurrency briefly surpassed $100,000. However, the rally was short-lived, and BTC has since fallen back below the psychologically important $100,000 level. The recent price movements in BTC have left market sentiment uncertain. Some analysts believe that the dip below $98,000 could be a sign of a larger correction, while others remain optimistic about the long-term prospects of the cryptocurrency. One factor that could be contributing to the uncertainty in the market is the upcoming launch of Bitcoin futures exchange-traded funds (ETFs). These ETFs would allow investors to gain exposure to BTC without having to buy the cryptocurrency directly, which could lead to increased demand and price volatility. Despite the recent dip, BTC remains up significantly year-to-date. The cryptocurrency has gained over 100% since the beginning of 2021, and its market capitalization now exceeds $1 trillion. The long-term prospects of BTC are still uncertain, but the recent price movements underscore the volatility of the cryptocurrency market. Investors should be aware of the risks involved before investing in BTC or any other cryptocurrency.

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