Bitcoin (BTC) Prices Surged Past $99,000, Marking a Fresh Milestone in Its Historic 2025 Bull Run

Bitcoin (BTC) surged past $99,000 on late Wednesday evening, marking a fresh milestone in its historic 2025 bull run.

Bitcoin (BTC) price today passed the $99,000 milestone late on Wednesday evening, putting the crypto star nearly within striking distance of the key $100,000 psychological level.

At press time, BTC is changing hands at $99,027.83 — and is now a step away from the new all-time high.

This latest rally cements Bitcoin’s position as the top-performing major asset of the year. The rally is being driven by several factors, including:

* Growing institutional demand for Bitcoin.

* Macroeconomic tailwinds, such as the weak dollar and investor anticipation of future rate cuts by the Federal Reserve.

* Strong on-chain fundamentals.

What’s Driving Bitcoin to $99K?

1. Bitcoin Miners Are Pouring On The Gas

Bitcoin miners have been an interesting driver of the crypto market in 2023.

Earlier this year, there were reports that some miners were selling BTC at a loss to cover operational expenses amid the crypto winter.

However, as Bitcoin price rallies and the market shows signs of recovery, we're now seeing miners pour more hash rate and gas into the network.

This is a bullish signal as it shows that miners are becoming more profitable and have more capacity to mine new coins.

2. Pay Attention To These Important Levels

As Bitcoin price trades inches away from $100,000, analysts say the breakout point could spark FOMO (fear of missing out) among both retail and institutional investors.

“Breaking $100K isn’t just a psychological level – it’s a signal to global capital that Bitcoin belongs in every portfolio,” crypto strategist Alex Thorn said on X.

But before we get ahead of ourselves, it’s important to note that BTC has encountered resistance at the $101,800-$104,000 zone in previous attempts to break higher.

If the bulls manage to push through this key barrier, we could see a continuation of the uptrend towards the next resistance at $108,000.

On the other hand, if the bears take control and manage to push Bitcoin price back down from here, we could see support emerge around the $95,000-$94,000 level.

Ultimately, the direction of the trend will depend on the balance of bullish and bearish forces in the market.

3. BTC Surges As Ethereum, Solana, & BNB Rally

Together with Bitcoin’s ascent, altcoins are also showing strength in today’s trading session.

World’s second-largest cryptocurrency Ethereum (ETH) is up 1.3% in the past 24 hours to trade at $3,178 at the time of writing.

Solana (SOL) has also seen strong gains of 2.9%, bringing its price to nearly $140. Meanwhile, BNB is up 0.8% to trade at $246.

As the market shows signs of recovery, investors are becoming interested in altcoins again.

Last night, Charles Hoskinson, the founder of Cardano (ADA), took to Telegram to share his thoughts on the role of crypto in saving the world.

“We can build a parallel world in code, complete with its own institutions, services, and products, and invite people to join us. It’s a world where people are free to live and work according to their own values.”

What Is Next For Bitcoin Price Today?

Bitcoin price is hot on the trail of the key $100,000 psychological level. Moreover, BTC is now trading at its highest levels since December 2024.

As the price surges, it is putting several other milestones in sight.

The crypto star is now just a step away from the new all-time high. At present, it seems that only a small push is needed to propel Bitcoin to levels not seen before.

This latest rally cements Bitcoin’s position as the top-performing major asset of the year.

The rally is being driven by several factors, including growing institutional demand for Bitcoin, macroeconomic tailwinds such as the weak dollar and investor anticipation of future rate cuts by the Federal Reserve, and strong on-chain fundamentals.

But can Bitcoin really hold above $100K?

According to analysts at Benzinga, the breakout point could spark FOMO among both retail and institutional investors.

“Breaking $100K isn’t just a psychological level — it’s a signal to global capital that Bitcoin belongs in every portfolio,” crypto strategist Alex Thorn said on X.

However, before we get ahead of ourselves, it’s important to note that Bitcoin has encountered resistance at the $101,800-$104,000 zone in previous attempts to break higher