Bitcoin Crosses $99,000; Crypto Market Gains, Trading Volume Rises 19 per cent

Bitcoin nears $100,000, reaching $99,002.45 and fueling a rally in the global crypto market. The total market cap rose by 3.81 percent to $3.3 trillion, while trading volume up by 19.26 percent to $242.42 billion. MAD MAD was the most trending cryptocurrency. It was up by 96.11 per cent to $0.00006568. Its 24-hour trading volume was 21.63 million.

FTX Token FTT was the top gainer. It was up by 30.77 per cent. Its 24-hour trading volume was $196.18 million. Bitcoin SV BSV was the top loser. It was down by 9.53 per cent. Its 24-hour trading volume was $185.01 million.

DeFi was up by 4.98 per cent to $11.32 billion, Coinmarketcap.com reported.

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin price targets for 2025 range from $100,000 to $200,000, driven by institutional demand, an influx of ETFs and regulatory clarity under a pro-crypto administration. Bernstein Research predicts $200,000 by 2025, citing bitcoin reserves and growing investment from firms like MicroStrategy. The regression model predicts a top of $150,000 after the halving in 2024. However, the fractal pattern suggests a correction after reaching $100,000, reflecting the 2021 bearish divergence that preceded the 77% decline. Analysts are warning of a potential 40% drop to $60,000, which is in line with Bitcoin's 50-week EMA. This correction could attract strong buyer interest and fuel a renewed rally through the end of 2025."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 2.29 per cent to $99,002.45. Its 24-hour trading volume was $96.32 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 59.5 per cent.

Ethereum: Ethereum ETH was up by 7.44 per cent to $3,377.65 from the previous day. Its 24-hour trading volume was $51.69 billion. Ethereum’s market dominance was 13.3 per cent.

Tether: Tether USDT was trading at $1. It was up by 0.05 per cent. Its 24-hour trading volume was $192.74 billion. It was ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was up by 7.65 per cent to $260.65. Its 24-hour trading volume was $10.92 billion.

Avalanche AVAX was trading at $36.10, up by 5.52 per cent. Its 24-hour trading volume was $954.91 million.

Cardano ADA was up by 10.52 per cent to $0.8641 from the previous day. Its 24-hour trading volume was $3.40 billion.

Meme Coins

Dogecoin DOGE was up by 2.44 per cent, with a 24-hour price of $0.3939.

Shiba Inu SHIB was up by 3.25 per cent to $0.00002486.

Decentralised Finance

DeFi coin was trading at $0.0182, down by 7.04 per cent.

Yearn Finance YFI was up by 4.80 per cent to $6,594.33 in the last 24 hours. Its 24-hour trading volume was $36.28 million.