#BTCBreaks99K

Bitcoin has indeed broken the $99,000 mark, reaching a three-month high of $99,406 earlier today. Its current price is around $99,330, with a 2.83% increase in the last 24 hours. This surge is attributed to the US Federal Reserve's decision to hold interest rates steady at 4.25% to 4.50%.

*Key Factors Driving Bitcoin's Price:*

- *Institutional Momentum*: BlackRock's spot Bitcoin exchange-traded fund (IBIT) recorded $6.96 billion in net inflows since the start of 2025, surpassing the SPDR Gold Trust (GLD) to become the sixth most popular fund by inflows.

- *Whale Accumulation*: A whale that had been inactive for four months bought 100 BTC for $9.78 million, signaling renewed confidence in the cryptocurrency.

- *Short Liquidations*: Over $300 million in crypto liquidations were recorded in the past day, with $215 million being shorts. Bitcoin alone accounted for $114.5 million in liquidations, with $96.2 million being shorts.¹ ²

*What's Next for Bitcoin?*

Analysts expect Bitcoin to break its all-time high of $109,000 if the $95,000 support holds. The cryptocurrency's realized capitalization has also hit a record $890 billion, indicating an expectation for a price breakthrough.