#BTCBreaks99K Bitcoin recently broke the $99,000 mark, driven by a combination of factors, including:
- *Regulatory News*: The potential departure of SEC Chair Gary Gensler, coupled with a more crypto-friendly stance expected from the incoming administration, has boosted investor confidence.
- *Institutional Adoption*: BlackRock's iShares Bitcoin Trust (IBIT) gained $13 billion, pushing assets past $40 billion, and new options tied to IBIT began trading on Nasdaq, increasing liquidity and volume in the crypto market.
- *Market Sentiment*: The Fear and Greed Index reached 94, indicating extreme greed, as investors eagerly anticipate further gains.
*Key Price Metrics* :
- *Current Price*: $98,829.08
- *Open Price*: $96,593.58
- *High Price*: $99,419.00
- *Low Price*: $95,784.61
*Market Impact*:
- *NFT Market Surge*: Weekly NFT sales hit $181 million, up 94% from the previous week, with Ethereum NFTs leading the charge.
- *Ethereum Trading Volume*: On-chain volume reached $7.13 billion, the highest daily volume in 2024, representing an 85% increase since November 1.
