Bitcoin hits $98,000 mid-morning in US, expanding its breakthrough of the eight months of consolidation since crypto-friendly Donald Trump won the US presidency. The largest cryptocurrency has risen 4.5% over the past 24 hours, leaving the CoinDesk 20 Index broad market. Several altcoins quickly caught up to BTC's gains, with ether (ETH), Chainlink (LINK) and Uniswap (UNI) surging 5% in the past hour. The value of $100,000 per BTC is just a stone's throw away and BTC futures on Deribit expiring next year are is already trading above the threshold. However, the round number may be a barrier at least in the short term as investors take profits after a 40% rise in just two weeks. “If BTC breaks $100K, there is a strong possibility of a pullback,” Gracy Chen, CEO at crypto exchange Bitget, said in a note. This is a “psychological barrier where investors may reassess their positions, leading to a natural sell-off point, as seen in other asset classes when significant round numbers are breached.”