Bitcoin Price Rises Amid Increased Market Activity

According to Odaily, as of February 21, 2025, the price of Bitcoin reached $98,230, marking an increase of $1,080 or approximately 1.11% from the previous closing price. The highest price recorded during the day was $98,782, while the lowest was $96,793. Data indicates that the cryptocurrency market experienced liquidations totaling approximately $247.16 million in the past 24 hours, with Bitcoin accounting for $49.03 million of this amount. Additionally, open interest in Bitcoin has reached about $64.35 billion, suggesting a growing focus on the cryptocurrency. Analysts from Bitunix have noted that the recent rise in Bitcoin's price may be influenced by various factors, advising investors to exercise caution and implement risk management strategies to avoid emotional trading.