Bitcoin Hits $100K, Claims 7th Spot Among Global Assets as Crypto Cap Soars

Market Leader Strengthens Position While Total Crypto Value Reaches New Heights

  • Bitcoin surpasses $100,000, reaching $103,000 with a market capitalization over $2 trillion.
  • Cryptocurrency total market value hits $3.8 trillion, with Bitcoin maintaining 56% dominance.
  • BlackRock‘s Bitcoin ETF accumulates $50 billion AUM faster than any ETF in history.
  • Paul Atkins’ nomination as SEC chair by Trump administration influences market sentiment.
  • Market analysts predict potential consolidation around $100,000 before year-end correction.

Bitcoin Breaks $100,000 Barrier as Market Cap Approaches Google’s Value

- Advertisement -

Bitcoin reached an unprecedented milestone, crossing $100,000 for the first time as institutional investment and regulatory developments propel the cryptocurrency market to new heights. The digital asset’s total value now stands at $2 trillion, positioning it as the seventh-largest asset globally, according to Companies Market Cap.

Institutional Momentum

The price surge represents a 120% increase from January’s $44,000 level, with CoinGecko data showing Bitcoin peaked at $103,000 on Wednesday. BlackRock’s iShares Bitcoin Trust (IBIT) has emerged as a primary driver, accumulating $50 billion in assets under management—achieving this milestone faster than any ETF in history.

Recent ETF inflows exceeded $1 billion, while Bitcoin’s market dominance holds steady at 56%. The cryptocurrency now trails Alphabet’s $2.1 trillion market capitalization, positioning itself among tech giants like amazon, Microsoft, NVIDIA, and apple.

Regulatory Landscape Shift

Market analyst Aurelie Barthere of Nansen attributes the rally to strong trading volumes and favorable seasonality: "Bitcoin breaking the $100,000 mark is supported by high volumes and shallow post-election corrections. December’s positive seasonality should prevent significant corrections for now."

The appointment of Paul Atkins as the next SEC chairman has generated Optimism in the cryptocurrency sector. B2BINPAY CEO Arthur Azizov notes: "Since November 5, its value has surged by an impressive 54%, a remarkable performance by any standard."

Alternative cryptocurrencies also experienced growth, with Dogecoin (DOGE) increasing 6.7% to $0.44, while Pepe coin (PEPE) and Shiba Inu (SHIB) gained 4.7% and 4.5% respectively.

- Advertisement -

However, analysts suggest a potential market adjustment. Azizov predicts: "Based on this, a pullback is likely imminent. By year-end, I believe Bitcoin’s price will consolidate around $100,000 before retracing to five-digit levels."

✅ Follow BITNEWSBOT on Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest

American Engineer Drugged, Robbed in Sophisticated London Crypto Heist

An American software engineer lost approximately $123,000 in cryptocurrency after being drugged and robbed in London.The victim was targeted by an impersonator posing as...

Max Keiser Doubts New Bitcoin Treasuries’ Discipline in Bear Market

Bitcoin-focused companies are increasingly copying the treasury strategy used by Michael Saylor's Strategy.Max Keiser raised doubts about whether these newer companies can maintain commitment...

South Korea Election Puts Crypto Policy at Center of Debate

Nearly one-third of South Koreans hold digital assets, making crypto a vital issue in the upcoming presidential election.Both major parties support crypto exchange-traded funds...

Scottsdale Residents Lose $6M to Crypto Scams; Police Respond

Scottsdale residents have reported losing over $6 million to cryptocurrency Scams in 2024.Authorities say actual losses could be higher, as not all cases are...

Ethereum Bullish Patterns Signal Altseason, 55% Rally Possible

Ethereum is showing two bullish chart patterns against Bitcoin, indicating a possible 30–55% price increase. Crypto analysts say an ETH/BTC rally could spark a broad...

Must Read

13 Best Bitcoin Casinos & Crypto Casinos

Online betting has always been a popular and easy option to play from the comfort of your home or on the go, and with...