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.
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