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Crypto News Today (Feb 21st, 2025): Bitcoin Price Reaches $98k | IP Token Surges 60.06%
The crypto market has witnessed a remarkable upswing today as Bitcoin’s price surges past the $98,000 mark, while IP token leads the gainers with an astonishing 60.06% spike in just 24 hours.
Bitcoin’s price, which currently stands at $98,298.02, has seen a notable increase of 1.16% over the past day, further solidifying its dominance as it inches closer to the coveted $99,000 milestone. This upward momentum has also resulted in Bitcoin’s market share rising to 60.2%, underscoring its position as the go-to cryptocurrency for investors.
Notably, the Fear & Greed Index remains neutral at 40, indicating a lack of significant sentiment shift among investors despite Bitcoin’s impressive gains. The intraday trading volume, however, has taken a hit with an 18.21% decline to $83.03 billion.
Meanwhile, altcoins have also seen their share of the action, with IP token emerging as the top gainer with a remarkable 60.06% surge in value. This meteoric rise has propelled its price to $4.91, marking an impressive turnaround for the token.
In contrast, Ethereum has only managed a minor gain of 0.30%, settling at $2,749.47, whereas Solana showed resilience with a modest increase of 0.71% and is now priced at $174.37.
As we take stock of today’s market trends, it becomes clear that sentiment remains neutral, as reflected by the Fear & Greed Index. With Bitcoin pushing boundaries once more and IP token stealing the show, it’s essential to keep an eye on this space for further developments.
In other news, Ethereum Classic fell 2.33%, priced at $20.93, while Aptos declined 4.70% to $6.43.
Source: coinpedia.org
