Bitcoin Soars to $98k, IP Token Leads Market Surge

Bitcoin Price Surges to $98k, IP Token Leads Market Gains

The cryptocurrency market experienced a robust uptrend on February 21, 2025, with the total market capitalization increasing by 1.26% to reach $3.21 trillion. Despite an 18.21% drop in intraday trading volume to $83.03 billion, investor sentiment remained neutral, as indicated by the Fear & Greed Index standing at 40.

Bitcoin (BTC) solidified its position on the daily chart, posting a 1.16% gain and reaching a price of $98,298.02. With a 24-hour trading volume of $30.84 billion, BTC's market capitalization now stands at $1.94 trillion. The cryptocurrency's dominance has risen to 60.2%, suggesting that it remains the preferred choice among investors over altcoins.

Among the altcoins, Ethereum (ETH) saw a minor gain of 0.30%, trading at $2,749.47. Solana (SOL) followed with a 0.71% increase, reaching $174.37. Meanwhile, XRP experienced a 2.13% decline, dropping to $2.65 after a bullish run the previous day.

In the top movers category, IP token led the market with a 60.06% surge, now priced at $4.91. JTO and Sonic followed with increases of 31.88% and 31.27%, respectively. Among the top losers, Aptos declined by 4.70%, while Trump and Ethereum Classic fell by 2.39% and 2.33%, respectively.

The crypto market remains volatile, with some altcoins demonstrating resilience while others retreat. As the market continues to evolve, investors are advised to stay informed and monitor developments closely.