'Digital Gold' Bitcoin Rises As Gold Price Records ATH

BTC Breaks $98,000 As Gold Price Hits New High
Altcoin Continues Horizontal Despite BTC Rebound
Experts Forecast BTC Drop as ETF Net Inflows Decline

Gold prices hit record highs amid concerns that President Trump's declaration of a tariff war would raise inflation around the world again, and 'digital gold' Bitcoin(BTC) rose on Feb. 21.

According to the Korea Exchange on Feb. 21, spot 1kg of gold was traded at 147,990 won, up 1.70% from the previous trading day. Gold, which hit its highest price based on the closing price on Feb. 14, broke its highest price again in about a week.

Along with the rise in gold prices, Bitcoin rose by 1.54% on Feb. 21 and surpassed $98,000. Despite the rise of Bitcoin, a number of altcoins continued their horizontal guarantee on Feb. 21.

◇Bitcoin = Bitcoin price is $98,556 at 4:30 p.m. on Feb. 21, 2025.The Bitcoin share (dominance) was 61.22%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 51.18% and 48.82%, according to the on-chain analytics platform Sigbtc.

Despite Bitcoin's rebound, warnings about the possibility of Bitcoin's adjustment still circulated in the market.

"As of the first quarter of 2025, demand for Bitcoin spot exchange-traded funds(ETFs) has halved compared to the first quarter of 2024," CryptoQuant head of research Julio Moreno noted on his X account.

Betlunde, a research analyst at K33 Research, also said, "The volume of trading is at the level before last year's presidential election, there is no real inflow of ETF funds, and volatility has disappeared," adding, "Investors have a clear atmosphere of risk aversion."

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Feb. 21 was Jito(JTO), up about 18%.

Jito is a cryptocurrency based on the Solana network.

Based on verifier node clients that pay maximum extractable value(MEV) rewards in addition to staking rewards, the project provides liquidity staking services and restaking services. Jito's native token JTO is used to exercise governance authority.

◇Fear Greed Index = The cryptocurrency fear-greed index provided by Alternative has entered the 'Fear' phase with 55 points. The neutral phase is the section where psychological resistance and support of market participants appear. It is an important decision section for future price movements.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 64.2, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.

권승원 기자 ksw@blockstreet.co.kr