From the technical perspective, analysts believe that Bitcoin now faces resistance at $112,600, with key support moving to $108,700
Market analysts attribute the rally to a confluence of macroeconomic tailwinds, including easing geopolitical tensions, an improved regulatory environment, and sustained institutional interest
Bitcoin is currently 1.42 per cent lower from its all-time high of $109,114.88, scaled on January 20 of this year
Bitcoin ETFs have now seen five consecutive weeks of inflows totaling over $600 million, led by BlackRock's IBIT, despite some outflows from some funds
Bitcoin (BTC), despite reclaiming the $107,068 level buoyed by favorable sentiments, has struggled to hold above it and slipped below the $104,000 mark
Bitcoin's consolidation around the $104,000 level, Riya Sehgal, research analyst at Delta Exchange, said, signals a maturing market showing resilience despite a sharp drop in spot ETF inflows
Among other altcoins, Cardano (ADA) was down 4.18 per cent, Solana (SOL) declined 4.08 per cent, Ripple (XRP) fell 2.18 per cent, and Binance Coin (BNB) dropped 1.7 per cent
The $100K mark, analysts said, remains a critical psychological and liquidation level, with over $3.4 billion in long positions exposed to downside risk if selling pressure continues
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.'
Despite the sideways action, Bitcoin dominance has steadily increased to 63.46 per cent, indicating a lower risk appetite among investors
Bader Al Kalooti, MENASAT head of growth & operations at Binance, shares his views on the road ahead for cryptocurrencies, cybersecurity, and compliance issues for crypto exchanges
Bitcoin recently recorded its highest number of active addresses in six months, with over 925,000 addresses active in a single day
Bitcoin, Piyush Walke - derivatives research analyst, Delta Exchange, said, may encounter resistance at $100,000, a significant psychological level, and again around $107,000
Bitcoin's market capitalisation stood at $1.88 trillion, the highest among the cryptocurrencies
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