Bitcoin Breaks Above $107,000 as Bulls Regain Momentum
Bitcoin has reclaimed the $107,000 level, marking a fresh surge in bullish sentiment as the leading cryptocurrency gains over 60% year-over-year.
The latest move positions BTC near its yearly high, signaling strong market recovery after months of consolidation.
According to data from CoinMarketCap, Bitcoin’s market capitalization has climbed to $2.12 trillion, with 24-hour trading volume soaring by 20.69% to $42.93 billion.
Supply Metrics Show Bitcoin Scarcity Remains Intact
With 19.87 million BTC in circulation and a capped supply of 21 million, Bitcoin’s scarcity continues to play a central role in its long-term valuation. Its current volume-to-market cap ratio of 2.01% also reflects heightened trading activity relative to its total market size.
The recent price push follows a period of sideways movement and multiple retests near the $100K threshold. Momentum returned sharply as BTC bounced from support levels, driving it above $107K.
Kosta Gushterov
Reporter at Coindoo
Kosta gehört seit 2021 zum Team und hat seine Position mit seinem Wissensdurst, seinem unglaublichen Engagement und seiner „detektivischen“ Denkweise gefestigt. Er deckt nicht nur eine breite Palette von Trendthemen ab, sondern erstellt auch Rezensionen, PR-Artikel und Bildungsinhalte. Seine Arbeit wurde auch von anderen Nachrichtenagenturen referenziert.
