Bitcoin’s price has returned to $100,000 for the first since January. This is a sign of renewed investor optimism.
BitcoinBTCThe price of the stock jumped 4.2% to $95,967 from its intraday lowest. according CoinGecko provides data on the market.
The third time in a row that BTC has broken through the six-figure level The first time was on December 5, 2024. The second all-time high followed on Jan. 20 The inauguration of Donald Trump, US President is approaching.
It is worth noting that the price surge was achieved as the Bitcoin market dominance surpassed 60%. altcoins.
Bitcoin dominance at 60% for past $100,000 milestones
Bitcoin dominance — the asset’s share of the total cryptocurrency market — has been steadily Over the past 12 months, BTC has seen a steady rise. BTC was dominant at 52% when it reached $100,000 for the first time in December of 2024. In January 2025 that number had risen to 54%.
Bitcoin’s dominance has reached historic highs last seen early in 2021 when Bitcoin traded at $36,000, and was heading to its all-time record of $60,000.
“Bitcoin has been showing strength for weeks now, outstripping other digital tokens, and scarcely flinching against the sort of geo-political events in Asia and the Middle East that may have impacted it in the past,” Mercuryo CEO Petr Kozyakov told Cointelegraph.
“With gold also running good all year, there’s now a case for saying that Bitcoin may have proven itself as an economic hedge and a long-term store of value,” He also added.
Why has the Bitcoin rate risen?
Bitcoin’s $100,000 milestone was achieved due to a mix of macroeconomic, political and institutional factors.
Some community members have linked Bitcoin’s most recent bullish move to a possible trade agreement between China and the USA. US and the United Kingdom, which Trump hinted at in a Truth Social post on May 7.
“Bitcoin is hovering near $100,000, a key psychological level for traders, after Trump hinted at a major trade deal, likely with the UK,” Vincent Liu, chief investment officer at Kronos Research and Cointelegraph.
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Liu also said that falling bond yields and a weaker dollar are supporting the rally, as well as renewed institutional investment in Bitcoin spot exchange-traded fund, which saw $1.8 billion of inflows In the last trading week.
Despite bullish momentum and the Crypto Fear & Greed Index consolidating Then, you can get in touch with us. “Green” According to Liu, if the area’s current score is 65, it will be possible to predict Bitcoin’s movements in the near future.
“While momentum is strong, upcoming US budget data on May 12 and CPI [Consumer Price Index] on May 13 will be key in determining if BTC can break and hold above this level. For the rally to sustain, the trade deal narrative will need to evolve into concrete progress.”
Ben Caselin of VALR’s chief marketing officer says there is a VALR. “good chance” Bitcoin is expected to reach new heights north of $100,000 in the near future as it seeks higher value.
“Retail is only set to come in toward what is traditionally the latter part of the Bitcoin four-year cycle, which might see a macro top reached in Q4 of this year,” Caselin tells Cointelegraph.
Caselin believes that, at the same time as global crypto regulation continues to progress and there are multiple strategic Bitcoin reserve projects, Caselin can also expect a rise in Bitcoin prices. “prolonged and accelerated growth beyond 2025.”
Amin Hassanas contributed additional reporting.
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Source: cointelegraph.com
