Bitcoin has surged past the $100,000 mark, setting a new historic high at over $101,000. The cryptocurrency increased by more than four percent in the last 24 hours. This milestone is significant, as it reflects increased investor confidence and adoption.
The rally in Bitcoin is causing a ripple effect in the market. Altcoins are expected to take a pause as traders focus on Bitcoin. The dominance of Bitcoin in the market may temporarily overshadow other digital assets.
If Bitcoin remains above its support levels, analysts speculate that it could further climb towards $102,000, reinforcing its bullish trend. This continues the upward momentum seen in recent weeks, driven by both institutional and retail demand.
