BTC Stands Strong Around $98K: Will $100K Be the Next Stop?
Bitcoin has retreated slightly to $97,000 after reaching a peak of $99,800. The cryptocurrency faces challenges such as record profit-taking of $443 million. Additionally, market manipulation through spoofing has hindered its efforts to cross the $100,000 barrier. However, the overall market structure appears robust. Strong institutional participation and growing mainstream adoption indicate sustained interest in Bitcoin. The next steps for Bitcoin could define its future position in the market. Investors are advised to stay alert as market dynamics evolve.
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