Crypto Price Today: Crypto Price Today: Bitcoin breaks $100K barrier again as recovery continues in early 2025

Bitcoin (BTC) is back in six-digit territory, continuing its recovery into early 2025. The largest Cryptocurrency It rose to nearly $102,000 on Tuesday, marking the first return to a six-figure price since Dec. 19, 2024, and starting the year strong.

At 10:43 AM EST, Bitcoin was trading at $101,780, up 1.2%, with an intraday high of $102,712.

“Spot Bitcoin ETFs saw net inflows of $759 million, building on $900 million in inflows from the previous session, pushing Bitcoin into six-figure territory. Additionally, expect pro-crypto candidate Pierre Poilievre, Canada’s next prime minister, will replace Justin Trudeau “It has boosted market sentiment resulting in increased market activity more broadly,” said Idul Patel, CEO of Mudrex.

“Bitcoin is currently trading at $102,000, facing the next resistance at $104,700 with support rising to $98,500,” Edul added.Meanwhile, Shivam Thakral, CEO of BuyUcoin, commented: “This rally follows a strong upward momentum as the cryptocurrency market reacts positively to recent developments, including increased institutional interest and favorable regulatory news. Investors expect Bitcoin’s upward trend to continue.” “It will likely reach new all-time highs as adoption grows and market sentiment remains optimistic.”

also It reads: What’s next for Bitcoin in 2025? Expert forecasts and insightsOther major altcoins showed mixed performance. Cardano, Avalanche, SUi, Chainlink, Toncoin, Shiba Inu, Stellar and Polkadot were down as much as 2.5%, while Ethereum, XRP, BNB, Dogecoin and Tron were trading higher. The global market value of cryptocurrencies rose by 1.43%, reaching $3.58 trillion.also Read: Understanding Bitcoin’s role in modern investment portfolios

The volume of all stablecoins now stands at $118.02 billion, representing 91.98% of the total 24-hour cryptocurrency market volume, according to data available on CoinMarketCap.

In the past 24 hours, the market capitalization of Bitcoin, the world’s largest cryptocurrency, has risen to $2.015 trillion. Bitcoin dominance currently stands at 56.32%, according to CoinMarketCap. Bitcoin volume in the past 24 hours has increased by 94.4% to $49.85 billion.

“The cryptocurrency market is optimistic, but investors should be cautious as the market approaches its peak. While Bitcoin dominance is still high, promising scenarios may emerge for XRP and Solana. Investors should prefer to manage risks and long-term investments by taking profits wisely.” Gradual “The market is volatile and at a peak stage,” said Avinash Shekhar, co-founder and CEO of Pi42.

(Disclaimer: The recommendations, suggestions, views and opinions provided by experts are their own. These do not represent the views of the Economic Times.)