Bitcoin price reaches 104 thousand dollars, as it treats a new portfolio

Bitcoin Price has witnessed its strongest gatherings in the past three days with a new portfolio and investor registration. She moved from 94,000 dollars to an increase of 103,890 dollars today.

At the time of the press, the price of Bitcoin 103,114 dollars on Friday, May 9. The increase in a new province came on the record 344,620 was created on May 8, and it is the highest total of one day in 2025 so far.

The rise in the governor started on May 4 when Bitcoin started climbing. The new wallet is often a sign that more people every day join the event.

The data on the Santiment series showed the Bitcoin network activity that increases through several standards. New addresses increased by 8.13 %, active users by 8.79 %, and active zero portfolios become 11.35 % last week.

With the high price, the Bitcoin network became more busy with new and returning users. The activity rose sharply as prices crossed $ 103,000. This type of trend means that more people are funding conservative and jumping to the market. Many were inactive before the gathering started.

In the background, a wave of qualifiers struck merchants against bitcoin. Coinglass data He explains that 343.99 million dollars of derivatives have been eliminated within 24 hours, 320.96 million dollars, from the short pants. Short pressure occurs when prices rise and the sellers are forced out on the outbreak quickly, often by buying bitcoin themselves, which increases prices.

Meanwhile, the investment funds circulated in the instant bitcoin attracted strong flows. According to Farside Investors, a total of $ 142.3 million flowed into money on May 7. ARK 21Shares has seen $ 54 million, Fidelity brought 39 million dollars, and Blackrock added $ 37 million. On May 8, he led Ibit with another $ 69 million.

With high prices, the Bitcoin market ceiling rose over Amazon, reaching $ 2.040 trillion. It is now the fifth rank among global origins, behind gold, Microsoft, Apple and NVIDIA, according to Sosovalue.

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