Bitcoin surged past $100,000 due to increased trade optimism and institutional adoption. Its price rose by 4% to roughly $102,900 in the last day, marking a 9% increase in the past five days and a remarkable 37% jump in just a month.
With a market cap surpassing $2 trillion, Bitcoin is now the world’s fifth-largest asset, outperforming even Amazon, due to a global alignment of policy shifts and institutional trust, according to CoinSwitch co-founder Ashish Singhal. Singhal also attributed Bitcoin’s strong recovery to favorable macroeconomic conditions.
Singhal emphasized how Bitcoin ETFs have boosted credibility and demand in institutions, while also noting the significant move by the US government to establish a Strategic Bitcoin Reserve, marking a first for digital assets at a sovereign level. CIFDAQ’s Maradiya sees this surge as a key stage in an overall bullish trend.
Bitcoin and other cryptocurrencies, including Ethereum and Solana, have seen substantial price increases. Ethereum surged over 20% to surpass $2,200, while Solana exceeded $160. Among the top 10 tokens, Vittuals Protocol had the largest gain at over 40%, followed by Brett (37%), Pepe (30%), Story (27.5%), and Uniswap, OFFICIAL TRUMP, & Ethena, which all rose over 25%.
Sources News From Various Digital Platforms, Websites, Journalists, And Agencies.
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