Bitcoin Nears $100K As Global Crypto Market Shows Positive Momentum

The global crypto market showed positive momentum, with Bitcoin (BTC) crossing 99K and nearing 100K again. Major Altcoins, including XRP, looked green, and Ethereum (ETH) experienced a Positive role. Likewise, SPX6900 (SPX) and AIOZ Network (AIOZ) became the top gainers today, up 14.26% and 12.82%, respectively.

The world crypto market cap has reached $3.51 trillion, a 1.05% rise over the last day. The total crypto market volume over the last 24 hours is $96.14 billion, which makes a 10.34% increase, as per coinmarketcap. The Fear and Greed Index stood at 60, reflecting a greed sentiment in the market.

Bitcoin Today Rate & Update

The rate of Bitcoin (first and top crypto coin) trading at $98,829.07, marking 1.03% up in the past 24 hours. It had 24-hour lows and highs of 97K and 99K, respectively. Its market cap reached $1.95 trillion, which surged 1.22% on the previous day. Bitcoin market Volume rose 46.14% over the past 24 hours and stood at $29.11 billion.

As per Sosovalue, the U.S Spot Bitcoin Exchange Traded Fund saw a $908.10 million inflow on Jan 3. Fidelity FBTC, the second largest EFT by net asset, led this surge, adding $357.1 million, while ARK ARKB experienced a $222.6 million inflow. BlackRock IBIT (ishares) logged a $253.1 million inflow. Bitwise BITB and Grayscale BTC booked $61 million and $8.7 million inflow, respectively.

In other news, One of the biggest Bitcoin mining companies in the U.S., MARA, has loaned 7,377 BTC (about 16% of its total Bitcoin reserves) to other companies to earn interest, as per source. These loans are short-term deals with trusted partners. The goal is to make enough money from these loans to cover operating costs.

Ethereum Today Price

Ethereum is the second largest crypto coin by market cap, up 1.11% over the past 24 hours and trading at $3,650.30. Its 24-hour low and high were $3602 and $3691. Its market cap stood at $439.73 billion. Its market volume surged 9% over the past 24 hours, reaching $16.75 billion.

Last week (December 30 to January 3, EST), Bitcoin spot ETFs had a net inflow of $245 million, and Fidelity ETF FBTC had a weekly net inflow of $275 million. Furthermore, many experts and analysts predict that ETH prices could hit $3800 to $4000 in the coming days. Likewise, the prominent analysis ND Predicts that ETH could still be $5900 – $7500.

However, this statement suggests that ETH is showing strong bullish signs. It has broken out of an ascending triangle pattern and surpassed a crucial 50% level, likely referring to a Fibonacci retracement or other key technical indicator.