Bitcoin surpasses $98,000 as cryptocurrency market experiences mixed trends

On February 21, the cryptocurrency market displayed mixed performance. Bitcoin surpassed the $98,000 mark, trading at $98,388, with its dominance rising to 60.31%, fueling speculation of a break above $100,000.

Global crypto market capitalization climbed to $3.23 trillion, up nearly 1%, while trading volume surged 8% to $90.13 billion, indicating heightened activity.

Ethereum experienced a modest 0.2% gain to settle at $2,748, although its dominance dipped to 10.25%, and Solana posted a 0.5% increase, trading at $174.55.

In contrast, XRP lost nearly 2%, dropping to $2.65, despite growing expectations for an XRP ETF as Grayscale’s application undergoes SEC review.

Among meme coins, Dogecoin and Shiba Inu declined, while Pepe Coin and FLOKI recorded gains amid ongoing volatility and regulatory uncertainty.