Bitcoin (BTC) has surged to a new all-time high of $99,000, approaching the elusive $100,000 mark. As of early Friday, Bitcoin was trading at $98,980.79, signaling strong momentum as it nears another major milestone.
The cryptocurrency market as a whole is experiencing significant growth, with the total market capitalization reaching $3.4 trillion—surpassing the GDP of France, which stands at $3.17 trillion. Bitcoin alone saw a 4.8% price increase within just 24 hours, rising from $96,000 to nearly $99,200.
This upward trend is mirrored by other leading cryptocurrencies. Ethereum (ETH) jumped 9%, while Solana (SOL) surged by 11.4%. Tether (USDT), however, remained stable with minimal movement.
Several factors are driving this rally, including the launch of spot Bitcoin ETFs, a crypto payments service trademark filing by Trump’s media company, and MicroStrategy’s Michael Saylor advocating for Bitcoin to tech giant Microsoft.
“Bitcoin is facing resistance at $99,950, and breaking this level could propel it beyond $100,000. Support holds steady at $95,000,” said Edul Patel, co-founder and CEO of Mudrex.
Altcoins like Dogecoin, Cardano, and Monero have also seen significant gains, with some increasing by up to 25% in a single day. Despite Bitcoin’s dominance slightly dipping, the overall crypto market remains on a bullish trajectory, with all eyes now on Bitcoin’s next potential breakthrough.
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