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Cryptocurrency News Articles

Bitcoin Reclaims the $100,000 Price Level

May 09, 2025 at 12:01 am

Bitcoin has reclaimed the $100,000 price level for the first time since January 2025, signaling renewed confidence across the crypto market.

Bitcoin Reclaims the $100,000 Price Level

Bitcoin (BTC) price has reclaimed the $100,000 level for the first time since January 2025, signaling renewed confidence in the crypto market.

BTC briefly touched $100,815 on May 8, according to CoinGecko data. This marks the third time Bitcoin has crossed the six-figure mark, but today’s surge shows stronger fundamentals compared to earlier highs.

Bitcoin Dominance Rises Alongside Price Surge

Unlike previous $100,000 breakthroughs, Bitcoin’s market dominance surged past 60% this time. In December 2024, when Bitcoin first hit $100,000, dominance was only at 52%.

A higher dominance suggests that investors are favoring Bitcoin over altcoins, positioning it more clearly as a “safe-haven” asset in crypto portfolios.

“Bitcoin has been showing strength for weeks now, barely reacting to geopolitical tensions,” said Mercuryo CEO Petr Kozyakov. “It’s increasingly behaving like a long-term economic hedge.”

Why Bitcoin Is Rising Now

Several factors are pushing Bitcoin higher:

U.S. economic data is largely benign, allowing crypto markets to continue their bull run. According to Vincent Liu of Kronos Research, Bitcoin is hovering at this psychological threshold just days before key U.S. economic reports, including budget data on May 12 and inflation figures on May 13.

At this rate, the bulls may be able to push through to new highs.

Can Bitcoin Stay Above $100,000?

The Crypto Fear & Greed Index currently sits at 65, showing moderate bullish sentiment.

Analysts like Ben Caselin from VALR believe Bitcoin has room to grow, forecasting a potential breakout toward $110,000 later this year.

Caselin also notes that retail investors — typically a major driver of late-stage rallies — have yet to fully re-enter the market. That could mean Bitcoin’s latest rally is still in its early phases.

What To Watch Next

For now, Bitcoin’s strong fundamentals and growing dominance suggest the market could be entering a new phase — one where $100,000 is the floor, not the ceiling.

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Other articles published on Jun 08, 2025