The price of Bitcoin for the first time connects $ 100,000 from January
Bitcoin first regained the price level of $ 100,000 from January from January, reflecting the renewal of hesitant feelings among investors.
Bitcoin (Btc) Return to $ 100,000 8. May at 3:22 PM UTC, listing 4.2% of the 155,967 dollar intraday, toward Data from coonger.
Marked the third time that BTC has broken through the level of six similar The following was delivered from the first reach. December 2024. Years. Other All the time followed by the 20th. January In front of us is the inauguration of the American President Donald Trump.
Unlike previous $ 100,000, a new price list came as a dominance of market Bitcoin increased above 60%, reflecting the potential bear feeling for altcoins.
The dominance of Bitcoin below 60% in the past $ 100,000 breakthrough
Dominance Bitcoin – Share of property in the total creptocurrency market – was steady rise over the past year. During the first deadline of up to $ 100,000 in December 2024. year, BTC domination was standing at 52%. By January 2025. This number increased to 54%.
The latest spike in the dominance of Bitcoin Match the historical levels last seen in early 2021. year, when Bitcoin traded around $ 36,000 and headed for the previous ones above $ 60,000.
“Bitcoin has shown strength for weeks, exceeding other digital tokens and barely blinks against the type of geopolitical events in Asia and the Middle East that may have inserted the past,” Conistelegraph said, said Conistelegraph.
“With gold and good all of the year, it is now the case that Bitcoin could prove as an economic protection and long-term value of value,” he added.
Why is the bitcoin price that rises now?
The last breakthrough in Bitcoins in the amount of $ 100,000 was aimed by a combination of political, institutional and macroeconomic factors.
Some in the community connected Bitcoin’s last noises to potential trade between USA and the United KingdomWhich Trump hinted in a socially place of truth 7. May.
“Bitcoin floats near $ 100,000, a key psychological level for traders, after Trump hinted at a great trade agreement, probably with the United Kingdom,” said Chronosa Vincent Liu’s main investment officer.
Related: Blackrock Bitcoin ETF Watches 16 days Dumps as BTC Reclaims $ 97K
Liu said the rally was also supported by bond falling, weakening dollars and a renewed institutional inflow in Spot Bitcoin Bitcoin Video $ 1.8 billion Inflows in the last week of trading.
Despite the bikes, and Index Fear & Cipo Fear & Heell consolidation In the “green” area in its current score 65, some key American economic data is predicted that the moves of Bitcoin, according to Liu, will soon be predicted:
“While the momentum is strong, the upcoming American budget data 12. May and CPIs (Consumer Price) 13. May be in determination if BTC can break through this level. For a set of installments, it will be developed in the principles on Narlant.”
According to Ben Caselin, the main marketing officer in Valr, there is a “good chance” that Bitcoin will groat new heights, north of $ 110,000, and prior to later, as the property seeks to consolidate its value above $ 100,000.
“Retail is only set to what is traditional last part of Bitcoin a four-year cycle, which could see the macro tip in K4 this year,” Caselin Kointelegraph said.
At the same time, continuous progress in global cryptic regulation and multiple initiatives for strategic Bitcoin, Caselin also sees the possibility of “extended and accelerated growth over 2025. Years”
Additional reporting amin hakshan.
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2025-05-08 18:22:00
