Bitcoin is edging closer to reaching the $100,000 milestone. This surge is fueled by inflows from stablecoins, which are helping to drive up demand and price momentum. The uptick in stablecoins is providing the necessary liquidity that is currently propelling Bitcoin’s bullish outlook.
Additionally, strong on-chain metrics are also signaling continued bullish momentum. These include increased activity and transactions on the Bitcoin network, reinforcing the optimistic sentiment among investors.
The combination of these factors suggests that Bitcoin could breach the psychological $100,000 barrier soon, marking its highest-ever valuation.