Bitcoin Soars Past $97,000: Altcoin Surge Follows Bitcoin’s Momentum

Bitcoin has broken past the $97,000 mark, with strong institutional interest and reduced sell pressure contributing to its surge. This follows a period of market consolidation that brings Bitcoin closer to the coveted $100,000 level. The rise is driven by major institutional players such as BlackRock’s IBIT fund, which has seen over $43 billion in asset flows recently. πŸ“Š Other altcoins are also experiencing a boost, mirroring Bitcoin’s momentum and fueled by optimism about macro catalysts. πŸ“ˆ 🀝 🌎 Factors driving the rally include growing market confidence, higher open interest for derivatives, and declining exchange reserves. πŸš€