Bitcoin has officially crossed the six-figure mark once again, trading at $100,555.90, according to CoinMarketCap.
Bitcoin (BTC) price has officially crossed the six-figure mark once again, surging past $100,000 to reach $100,555.90 in the last 24 hours, according to CoinMarketCap.
At the time of writing, this milestone comes after a 3.63% increase from the previous day, and it follows a powerful upward move from under $97,000 just hours ago.
As the third-largest cryptocurrency, Bitcoin's market cap is approaching $2 trillion, while its daily trading volume has more than doubled to $55 billion. The circulating supply remains relatively low at 19.86 million BTC, which is gradually approaching the 21 million cap—further contributing to the bullish narrative as scarcity becomes increasingly crucial.
The price chart shows a classic breakout pattern, with a period of strong consolidation in a limited range, followed by a steep vertical rally. Many analysts are now predicting that this breakout could fuel the next leg toward $120,000–$150,000, especially given the current macroeconomic uncertainty, exchange-traded fund (ETF) inflows, and growing interest from institutions.
This breakout also occurs as Bitcoin is making headlines and grabbing the limelight, leaving altcoins behind—at least for the time being.
In summary, the king of crypto has returned to claim his throne. With $100K now in the rearview mirror, the next psychological battlegrounds are $120K and potentially even $150K.
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