Today, the cryptocurrency market is showing strong positive momentum. #bitcoin (BTC) has surged past $97,500, contributing to a total global crypto market cap of over $3.1 trillion. BTC is currently trading around $98,953, with a gain of about 2.5% in the last 24 hours. Its daily low was $95,959, while the high touched $98,953.
$ETH (ETH) is also in the green, trading near $1,886. Other altcoins like $XRP ($2.18), $BNB and Cardano (ADA) — with $ADA around $0.70 — are also seeing gains.
A major event today is the expiration of nearly $3 billion in Bitcoin and Ethereum options contracts, which could lead to short-term volatility as traders react.
Ethereum is gaining attention for its recent Pectra upgrade, which introduces smart accounts and increases staking limits — a move that could strengthen its ecosystem in the long term.
On the economic side, the U.S. Federal Reserve has decided to hold interest rates steady. This decision is seen as bullish for crypto, especially Bitcoin, which analysts say could now push toward the $100,000 milestone.
Lastly, large crypto trading entities are stockpiling stablecoins — a sign of growing buying power that could soon flow into the broader market.
In summary, the market outlook today is optimistic, with strong fundamentals and growing investor interest, though short-term price swings rema
in possible.
