Synopsis
In the past 24 hours, the market capitalization of Bitcoin, the world’s largest cryptocurrency, increased to $2.015 trillion. Bitcoin’s dominance currently stands at 56.32%, according to . Additionally, BTC’s trading volume surged by 94.4% to reach $49.85 billion.
Bitcoin (BTC) has surged back into six-digit territory, continuing its early 2025 recovery. The largest cryptocurrency climbed to nearly $102,000 on Tuesday, marking its first return to the six-digit price since December 19, 2024, and starting the year on a strong note.
At 10:43 am IST, Bitcoin was trading at $101,780, up 1.2%, with an intraday high of $102,712.
“BTC spot ETFs saw net inflows of $759 million, building on the $900 million inflows from the previous session, taking Bitcoin into six-figure territory. Additionally, the anticipation of pro-crypto candidate Pierre Poilievre becoming Canada’s next prime minister, replacing Justin Trudeau strengthened the market sentiment increasing broader market activity,” said Edul Patel, CEO of Mudrex.
Crypto Tracker
TOP COIN SETSAI Tracker14.69% BuyWeb3 Tracker9.41% BuyDeFi Tracker7.70% BuyBTC 50 :: ETH 507.44% BuyCrypto Blue Chip – 57.14% BuyTOP COINS (₹) BNB62,699 (2.32%)BuyBitcoin8,731,423 (2.21%)BuyXRP209 (0.99%)BuyTether86 (-0.11%)BuyEthereum314,870 (-0.12%)Buy”Currently trading at $102,000, Bitcoin faces its next resistance at $104,700 with support moving up to $98,500,” Edul added.
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The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details »Meanwhile, Shivam Thakral, CEO of BuyUcoin, commented, “This resurgence follows a strong upward momentum as the cryptocurrency market reacts positively to recent developments, including increased institutional interest and favorable regulatory news. Investors anticipate that Bitcoin’s bullish trend could continue, potentially reaching new all-time highs as adoption grows and market sentiment remains optimistic.”
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Also Read: What’s next for Bitcoin in 2025? Experts prediction and insights
Other major altcoins showed mixed performance. Cardano, Avalanche, SUi, Chainlink, Toncoin, Shiba Inu, Stellar, and Polkadot were down by up to 2.5%, while Ethereum, XRP, BNB, Dogecoin, and Tron were trading higher. The global crypto market cap increased by 1.43%, reaching $3.58 trillion.
Also Read: Understanding the role of Bitcoin in modern investment portfolios
The volume of all stablecoins is now $118.02 billion, which is 91.98% of the total crypto market 24-hour volume, as per data available on .
In the last 24 hours, the market cap of Bitcoin, the world’s largest cryptocurrency, rose to $2.015 trillion. Bitcoin’s dominance is currently 56.32%, according to . BTC volume in the last 24 hours surged 94.4% to $49.85 billion.
“The crypto market is optimistic, but investors should be cautious as the market nears its peak. While Bitcoin dominance still remains high, promising scenarios could emerge for XRP and Solana. Investors should prefer risk management and long-term investments through gradual profit-taking and diversified portfolios as the market is volatile and is at its peak phase,” said Avinash Shekhar, Co-Founder & CEO, Pi42.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
