Bitcoin Surpasses $100,000 Mark Again, Fueling Market Optimism

Against the backdrop of a market resurgence, the first cryptocurrency has once again surpassed the psychological barrier of $100,000, a level it last encountered in early February.

This surge was accompanied by a spike in trading volumes. At one point, the price reached $101,525 before making a slight correction to around $100,800.

Analysts from Lookonchain observed that at a price of approximately $95,000, the financial giant BlackRock «aggressively purchased» 47,064 BTC for $4.44 billion.

The awakened leader has significantly invigorated the broader market. At the time of writing, the top ten cryptocurrencies by market capitalization look as follows:

For an extended period, Ethereum has outperformed other major assets in terms of momentum. Over the past 24 hours, the asset has surged by more than 12%, returning to levels above $2000.

The slowest growth rates were recorded for BNB and TRON, at 3.4% and 3.1%, respectively.

In the last 24 hours, the total market capitalization of cryptocurrencies has increased by 3.7%, surpassing $3.25 trillion, according to CoinGecko.

As a reminder, Binance founder Changpeng Zhao predicted that Bitcoin could reach $1 million during the current market cycle.