Bitcoin (BTC) has achieved a new milestone, crossing $99,000 in the early hours of Friday, setting a fresh all-time high. At the time of writing, Bitcoin was just shy of breaking into the six-figure mark, trading at USD 98,980.79.
The overall cryptocurrency market is also on fire, with a market cap of USD 3.4 trillion, surpassing France’s GDP of USD 3.17 trillion. Bitcoin alone has seen a 4.8% increase in the past 24 hours, climbing from just over $96,000 to nearly $99,200 in under a day.
Other major cryptocurrencies have followed Bitcoin’s lead. Ethereum (ETH) surged 9%, and Solana (SOL) jumped 11.4%. Meanwhile, Tether (USDT) remained steady with little price movement.
This rally is largely attributed to several factors, including the launch of spot Bitcoin ETFs, a trademark filing by Trump’s media company for a crypto payments service, and MicroStrategy’s Michael Saylor promoting Bitcoin to tech giant Microsoft.
“Bitcoin now faces key resistance at USD 99,950, and breaking this level could push it past USD 100,000. Support remains strong at USD 95,000,” says Edul Patel, co-founder and CEO of Mudrex.
In addition to Bitcoin, altcoins like Dogecoin, Cardano, Monero, and others have also experienced significant price increases. While Bitcoin’s dominance has slightly dropped, altcoins like Ethereum and Solana surged by as much as 25% in just one day.
The crypto market continues to grow strongly, with many eyes on Bitcoin’s next big move.
Also Read: Bitcoin ETF Volume Surges as GBTC Discount Narrows
