Bitcoin Reclaims $110,000 as Bullish Momentum Builds
Bitcoin has once again surged above the $110,000 mark, reinforcing its bullish trajectory and recovering from last month’s mid-cycle consolidation.
As of Thursday, Bitcoin is trading at $110,005.61, up 81.73% year-over-year, according to data from CoinMarketCap.
Market Metrics Confirm Strength
- Market Cap: $2.18 trillion (↑ 2.21%)
- 24h Volume: $56.29 billion (↑ 16.83%)
- Circulating Supply: 19.88 million BTC
- Max Supply: 21 million BTC
- Volume-to-Market Cap Ratio: 2.52%
Bitcoin’s steady climb comes amid increasing investor interest, strong on-chain activity, and growing institutional involvement. The rally follows recent developments including:
- The U.S. Senate passage of Trump’s economic stimulus bill, which could inject new liquidity into markets
- Rising ETF inflows and renewed corporate BTC accumulation (e.g. Metaplanet, Strategy)
- Continued macro uncertainty driving interest in Bitcoin as a hedge
Bullish Chart Structure Holds
After bouncing from support in May, BTC has carved out higher lows and broken past short-term resistance, confirming renewed strength among bulls.
Despite brief volatility, Bitcoin’s ability to hold above six figures suggests a continued uptrend, especially as demand increases in both spot and derivatives markets.
Looking Ahead
Bitcoin’s next major resistance sits in the $115,000–$118,000 zone, while support has established around $104,000–$106,000. If current momentum sustains, analysts expect a push toward previous cycle highs—potentially setting the stage for a broader crypto market rally in Q3.
Kosta Gushterov
Reporter at Coindoo
Коста се присъедини към екипа през 2021 г. и затвърди позицията си с жаждата си за знания, невероятната си отдаденост и „детективския“ си начин на мислене. Той не само покрива широк спектър от актуални теми, но и пише забележителни рецензии, PR статии и образователно съдържание. Работата му е цитирана и от други информационни агенции.
