Bitcoin Surges Past $97,000 as Crypto Market Gains Momentum

Bitcoin extended its rally on Friday, briefly surpassing the $97,000 mark, edging closer to the critical $100,000 resistance level that has held strong for the past two weeks. By 11:49 am IST, the leading cryptocurrency was trading at $96,777, marking a 1.5% gain, with an intraday high of $97,739. Ethereum followed suit, rising by 1.6% to trade at $3,452.

Market sentiment remains optimistic, as reflected in the rising Fear-Greed Index, signaling a growing appetite for risk among investors. "Bitcoin continues its upward momentum, trading near the $97,000 mark, with other major altcoins like Ethereum, Solana, and Stellar following suit," said Edul Patel. With strong performances from altcoins such as XRP and Cardano, which surged by up to 11%, the cryptocurrency market appears poised for further growth as it heads into 2025.

4o