Bitcoin has regained the price of $ 100,000 for the first time since January, reflecting the renovated stubborn moods among investors.
Bitcoin (BTC) regained the $ 100,000 rating on May $ 15:22 UTC, increased by 4.2% from the lowest level of 95,967 USD, According to For data from Coingecko.
This meant the third time when BTC broke the six -digit level from the first achievement of it on December 5, 2024. The second highest level of all time took place on January 20 before the inauguration of the US President Donald Trump.
Unlike the previous $ 100,000, a fresh price augment came when the dominance of the Bitcoin market increased above 60%, reflecting potential bears for Altcoins.
Bitcoins domination below 60% in the last $ 100,000 breakthrough
Domination of Bitcoins – the share of assets in the total cryptocurrency market – was constantly It will be created over the past year. During the first mileage up to $ 100,000 in December 2024, the dominance of BTC was 52%. By January 2025, this number increased to 54%.
The latest augment in the dominance of Bitcoins adapts to historical levels at the beginning of 2021, when Bitcoin traded around USD 36,000 and was heading towards previous highest all time above 60,000 USD.
“Bitcoin has been showing strength for weeks, exceeding other digital tokens and barely shuddering towards geopolitical types in Asia and the Middle East, which could have influenced this in the past,” said Cointelegraph, CEO of Mercuryo.
“Because gold also works well throughout the year, there is now a case that Bitcoin could prove itself as an economic security and a long-term value warehouse,” he added.
Why is the price of bitcoins grow now?
The last breakthrough of Bitcoin in the amount of USD 100,000 occurred among the combination of political, institutional and macroeconomic factors.
Some in the community combined the latest stubborn Bitcoin action with a potential trade agreement between the USA and Great Britain, about which Trump suggested at the social station in truth on May 7.
“Bitcoin floats nearly 100,000 USD, which is a key psychological level for traders, after Trump suggested a serious trade agreement, probably in Great Britain,” said Cointetgraph, investment director of Kronos Research.
Related: Blackrock Bitcoin ETF clocks 16 days of influx when BTC recovers $ 97,000
Liu said that the rally is also supported by the falling profitability of bonds, weakened dollar and the renovated institutional influx in the Bitcoin trade funds, which in the previous commercial week recorded $ 1.8 billion in the influx.
Despite the stubborn rush and the cryptocurrency index of fear and greed consolidation According to Liu, in the “green” area with the current result 65 according to some key economic data in the USA they soon predict Bitcoin movements, according to LIU:
“While the shoot is strong, upcoming budget data in the USA on May 12 and CPI [Consumer Price Index] On May 13, it will be the key to determine whether BTC can stop and maintain above this level. In order for the rally to persist, the narrative of the trade agreement will have to transform into a specific progress. “
According to Ben Caselin, the marketing director in Valr, there is a “great chance” that Bitcoin will contain fresh upwards, north of USD 110,000, sooner than later, because the asset component tries to consolidate its value above 100,000 USD.
“Retail sales are only in the direction of traditionally the second part of the four -year Bitcoin cycle, in which Macro is achieved in the fourth quarter of this year,” said Caselin Cointelegraph.
At the same time, taking into account further progress in the global regulation of cryptocurrencies and many strategic initiatives of Bitcoin reserves, Caselin also sees the chance of “prolonged and accelerated growth outside 2025”
Additional reports by Amin Haqshanas.
Warehouse: Bitcoin up to USD 1 million until 2029
