Ethereum’s Ether (ETH), Uniswap (UNI), Chainlink Surge as Bitcoin (BTC) Price Approaches $100K

Bitcoin topped $98,000 heading into US morning, prolongs its outbreak from an eight-month consolidation since crypto-friendly Donald Trump won the US presidency. The largest crypto has advanced 4.5% over the past 24 hours, leaving the broad market CoinDesk 20 Index behind. Some altcoins are quickly catching up to BTC’s gains, with ether (ETH), Chainlink (LINK) and Uniswap (UNI) rising 5% in the past hour. The $100,000-per-BTC mark is just a stone’s throw away, and BTC futures on Deribit expiring next year are already trading above the threshold. Still, the round-number level could pose a barrier at least in the short term as investors take some profits after a 40% rally in just two weeks. “If BTC breaks through $100,000, a pullback is very likely,” Gracy Chen, CEO of crypto exchange Bitget, said in a note. It’s a “psychological barrier where investors can reassess their positions, leading to a natural selling point, as seen in other asset classes, when significant round numbers are breached.”