Bitcoin's Longest Ever Streak Above $100000 Now Extending to 30 Days.

Yeah, indeed. It's been as you said over a month now. And the top end of that range is the all-time high of 112. Um so that's a pretty tight range for Bitcoin to stay in

The cryptocurrency market has been performing well in recent months, with Bitcoin remaining above the $100,000 mark for 31 days. This is the longest streak above the key psychological milestone.

Bitcoin has been trading in a relatively tight range, with the upper end of the range being the all-time high of $112,000. The lower end of the range is around $90,000. This indicates that Bitcoin has been finding support at this level and is likely to remain in the $100,000s for the time being.

The lack of movement in Bitcoin is surprising given the recent pessimism in the market. However, it is a testament to the strength of the cryptocurrency and the belief that it has in the long term.

"It's been, as you said, over a month now. And the top end of that range is the all-time high of 112. So that's a pretty tight range for Bitcoin to stay in, you know, intraday for a whole month," said Andy Bear, managing director at Coindesk Indices.

"Ur kind of shows a pause and the kind of new Bitcoin trading. We saw this earlier in the year during the tariff tantrum that we stayed between 82 and 88,000 more or less, or 80 and 88,000. Before that we were in the 90s for a long time. So Bitcoin is at this state of volatility and adoption, finding a new range, staying there, and then looking for a catalyst to either exit to the top or the bottom. So we're still there and no signs of exiting. We're right in the middle of that range."

Some of the other risk off sentiment from geopolitical stuff and from the uncertainty about interest rates is kind of leaving us in a position where short term, not quite sure about direction, but longer term, and we can talk about stable coins and other catalysts, you know, we feel a lot a lot more positive."

In addition, the crypto fear and greed index is not at extreme levels of greed, which is surprising given how close Bitcoin is to all-time highs. This signals that there is still appetite for more upside in the market.

"We're not at extreme levels of greed. Typically when we're in the 6,000 range or in the 5,000 range of the fear and greed index, you have a lot of people that are attending conferences, the smart money if you will, the big money that's out there, that is clearly acknowledging now that there needs to be a percentage of their clients' portfolios that needs to have some type of exposure," said Bear.

Finally, Bear discussed the potential for a two trillion dollar stable coin market, which could be used to buy up US Treasuries.

"Yeah, so so great for the government because they have a two trillion dollar customer for US Treasuries, Treasuries have become a chess piece in the in the trade wars, so that's good. Use of Solana, Ethereum, other blockchains, those stable coins have to trade on those blockchains. We don't know which ones are going to dominate. We like the Coindesk 20 index, which has a bunch of layer ones and a bunch of defi platforms on there so people can kind of buy the index and not have to pick winners or not have to think about timing. The significance about payments and and just, you know, abstraction of using stable coins for moving money around is hard to quantify. It's just, you know, I was on the floor of the New York Stock Exchange when Circle came. It was a blockbuster bell ringing, not the usual tea ceremony. You could tell that things were changing in a big way."

Overall, Bear's comments highlight the resilience of the crypto market and the potential for further gains in the months ahead. With major institutions and government bodies now entering the space, the possibilities for innovation and growth in the years to come are nearly limitless.