$BTC Bitcoin (BTC) has recently surged past the $99,000 mark, trading at approximately $98,925, with an intraday high of $99,835. This upward momentum is attributed to several factors:

• Federal Reserve’s Rate Decision: The Fed’s choice to maintain interest rates between 4.25% and 4.50% has bolstered investor confidence in risk assets like Bitcoin.

• Institutional Investment: Major firms, including BlackRock, have significantly increased their Bitcoin holdings, indicating strong institutional demand.

• On-Chain Metrics: Bitcoin’s realized capitalization has reached a record $890 billion, reflecting robust investor conviction and long-term holding behavior.

Technical analysis suggests that if BTC can establish support above $99,500, a breakout toward its previous high of around $109,000 is plausible. 

As Bitcoin edges closer to the $100,000 milestone, market participants are closely monitoring these developments, anticipating potential new all-time highs.