The Latest on Bitcoin’s Price Movement
Bitcoin has surged to $98,230 as of February 21, 2025, reflecting a $1,080 increase from the previous close, marking a gain of about 1.11%. Throughout the day, Bitcoin hit a high of $98,782 and a low of $96,793. The cryptocurrency market saw liquidations totaling around $247.16 million in the last 24 hours, with Bitcoin accounting for approximately $49.03 million of this sum. Open interest in Bitcoin has also risen to about $64.35 billion, indicating a growing interest in the digital asset.
The Influence Behind Bitcoin’s Price Surge
Analysts at Bitunix have highlighted various factors contributing to the recent price uptick in Bitcoin. They caution investors to be vigilant and employ risk management strategies to avoid impulsive trading decisions.
What to Expect Next for Bitcoin
With Bitcoin’s price on the rise, the market is eager to see if this momentum will continue. Traders are advised to monitor key support levels to gauge the strength of the current uptrend.
Share Your Thoughts!
Do you think Bitcoin will sustain its upward trajectory, or are we due for a correction? Share your insights below!
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