Bitcoin Nears $97K, Continuing Wild ‘Trump Trade’ Rally
BTC traded above $95,900 in early Asian hours, less than 6% from a landmark $100,000 figure that would push it above a $2 trillion market capitalization.
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BTC traded above $95,900 in early Asian hours, less than 6% from a landmark $100,000 figure that would push it above a $2 trillion market capitalization.
Power and profits took center stage in a confusing morning.
Trump Media and Technology Group, which operates Truth Social, is nearing an all-stock deal to purchase Bakkt, a struggling crypto trading venue owned by Intercontinental Exchange.
Options trading on spot bitcoin exchange-traded funds could become available as soon as Tuesday, according to Nasdaq.
According to BCA Research analysis of fractal patterns, the bitcoin price might climb above $200,000.
Data, however, show no uptick in Runes protocol on chain metrics as of Monday. Onchain metrics typically follow social activity and narratives, with prices leading afterward.
MSTR’s options market exhibited extreme upside fear or bullish speculative frenzy.
The vault has been filled in excess of an initial $100,000 target as of Asian morning hours, with $240,000 worth of stablecoins deposited for CAT on Solana, data shows.
An increase in both OI and prices typically indicates that new money is entering the market — indicative of a bullish trend.
Low-unit bias, demand on Coinbase, frenzied community trading activity and BONK’s standing within the Solana ecosystem are positioning it for more growth ahead, traders say.