Bitcoin is Back trading above Psychological 100,000 -dollar price as it has never left. After a month of decline, the leading cryptocurrency has been recycled for the first time since January, and the crypto -fear and greed index are now back in greed.
Interestingly, this pause over $ 100,000 is also the dominance of Bitcoin over 60%. This is the first time that Bitcoin's dominance breaks over $ 100,000, if such dominance over the market, which gives weight to the sustainability of the current rally.
Bitcoin price breaks again $ 100,000 but this time the market looks different
Bitcoin's yield of more than $ 100,000 has injected new energy after several weeks of price stagnation and market hesitation. Following the correction and the extortion of the lateral movement, the leading cryptocurrency has now been able to clean several resistance zones in the last week, While a couple of more are standing on the way Before you can create new all -time tops of $ 109,000.
It is easy to assume that Bitcoin ETF is solely responsible for the current rally, but the data recommend otherwise. Inflow into these ETFs There is an average of $ 129 million on average in the last two days, which is a relatively small indicator compared to $ 700 million, which is $ 100,000 in January in Bitcoin. Instead of feeding ETF activity only, the current rise is a A combination of macroeconomic developments And market -specific shifts that have been uniform in the last few weeks to support the rise price.
Important contributor improved sentiment is a US-UK trade agreement announced on May 8, 2025. President Donald Trump and Prime Minister Keir Starmer introduced a new transaction that keeps the US 10% US tariff intact, while the United Kingdom reduces its tariffs to 1.8% and expands access to American goods. This contract has cooled what had increased the anxiety of investors. Fear of escalating tariffs had previously helped Bitcoin to the lowest in early April. Now, in the event of tension relief, the capital flows back into the risk assets, giving Bitcoin an additional impetus at an important moment.
Is the BTC rally more sustainable over $ 100,000?
Compared to earlier six numbers, this rally appears significantly in different market conditions. One of the clearest differences is Bitcoin's dominance, which is now over 60%.
This level of domination refers to a stronger structural support under price action. As noted by Crypto Analyst RKT Capital, There is a chance that Bitcoin's dominance continues over time to 71%.
Chain data will further strengthen the case of the current rally sustainability. The shift residues are decreased for a whilewhich have contributed to the current climbTo. This trend is corresponding Stablecoin switches on, which usually precedes the purchase activity.
During this writing, Bitcoin trades for $ 102,900, with the highest in -day highest in the day. This gives it 5.7% of its all -time highest level of $ 108,780. According to Glassnode data, about 3 million BTCs Returned to a profit state April low at $ 74,000 and current price action.
Highlighted Picture from Pixabay, Schedule from TradingView.com
Editorial For bitcoinists, the focus of the provision of precise and impartial content has been focused. We support strict procurement standards and each page passes a careful overview of our top technology experts and experienced editors. This process ensures the integrity, relevance and value of the content of our readers.
