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As of 9:53 AM, January 6, 2025 (GMT-5), Bitcoin (BTC) has crossed the $100,000 mark, now priced at $100,711.61. This represents a +2.96% increase from its previous close of $98,336.04. The cryptocurrency has experienced strong buying interest, with the price trading within the range of $98,009.37 – $100,433.58 on the day.
With a market cap of $1.989 trillion and a circulating supply of 19.81 million BTC, Bitcoin continues to show resilience in the market. Over the last 24 hours, $33.56 billion worth of Bitcoin has been traded.
Bitcoin has reached a significant milestone, crossing the $100,000 threshold for the first time in recent history. The cryptocurrency’s continued rise can be attributed to growing interest from institutional and retail investors alike, coupled with favorable technical indicators suggesting further upside potential.
The rise above $100K is seen as Bitcoin’s status as a digital store of value and hedge against inflation, with its limited supply continuing to attract investors.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.