Notably, Bitcoin is 4.73 per cent lower than its all-time high of $109,114.88, reached nearly four months ago on January 20, 2025
Breaking out of a prolonged consolidation phase, Bitcoin reached the six-figure milestone for the first time since February 2025, fueled by a broad shift in global market sentiment
Following the announcement, the flagship cryptocurrency Bitcoin reclaimed the $99,400 level, just 600 points shy of the $100,000 mark
the US has unveiled a draft crypto bill aimed at redefining digital asset oversight and strengthening investor protection, stating, 'The golden age of digital assets is here.'
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The world's most popular cryptocurrency, which also has the largest market capitalisation, has a 24-hour trading volume of $31.77 billion
Top trending cryptocurrencies included Ripple (XRP), Pudgy Penguins (PENGU), Casper (CSPR), Bubblemaps (BMT), and Walrus (WAL)
Ethereum (ETH) has officially broken through a key technical resistance, climbing above the $1,800 level
Market analysts attribute this rally in cryptocurrencies to increased institutional buying, a weakening dollar index, and other favorable macroeconomic conditions
Bitcoin has traded in the range of $74,436.68 to $81,119.06 in the last 24 hours
The sell-off extended into the crypto markets too, with Ethereum (ETH), the world's second-largest cryptocurrency by market capitalisation, taking the worst hit among other popular cryptocurrencies
Bitcoin's next resistance, analysts said, stands at $87,800, while support rises to $81,700
Market analysts suggest that the recent movements in the crypto market reflect a mix of resilience and caution. Investors should keep an eye on US jobless claims and GDP data due later today
The world's largest cryptocurrency by market capitalisation, Bitcoin, nevertheless, has been holding steady above the $86,000 mark
Bitcoin surged past the $87,000 mark over the weekend, with bulls maintaining control and defending lower levels
Market analysts see this as a defining moment for the digital asset industry, bringing a shift in market sentiment, and likely influencing global regulatory approaches
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The trade policies, analysts said, could fuel volatility across risk assets, including cryptocurrencies
The recent Bitcoin rally in December saw the cryptocurrency surge past the $100,000 mark, drawing Indian investors to homegrown crypto exchanges
Blockchain intelligence firm Arkham Intelligence highlighted the flows, which underline the difficulty of recovering the digital assets