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 has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
