Bitcoin is currently trading near $98,215, exhibiting a 0.42% gain in 24 hours. The cryptocurrency is showing a strong momentum towards the $100,000 mark. Recent data indicates a remarkable shift of Bitcoin holdings from whales to 'shark' investors, defined as those possessing 100-1,000 BTC. These shark investors now account for 20% of the market dominance.
Moreover, the U.S. Consumer Price Index (CPI) report is expected to illustrate a slowdown in inflation. The report projects a 0.3% increase month-on-month, which reflects a decrease from December's 0.4% rise. This economic data may influence further Bitcoin price movements.