Bitcoin Surpasses $104,000; Analysts Predict Dazzling Performance Against Gold by Late 2025

On Friday, Bitcoin’s value increased by 1.30 percent on global exchanges, despite the crypto market exhibiting signs of volatility. According to CoinMarketCap, the cryptocurrency is currently priced at $104,010 (approximately Rs. 89.09 lakh) on overseas platforms. In contrast, Indian exchanges reported a nearly two percent rise, with Bitcoin trading at $104,770 (roughly Rs. 89.7 lakh). As the Bitcoin surge continues, JPMorgan has forecasted that Bitcoin could surpass gold’s performance in the latter half of 2025.

«Bitcoin has maintained its trade within a range between the support level of $101,700 (approximately Rs. 87.1 lakh) and the resistance level of $104,800 (approximately Rs. 89.7 lakh), holding above the crucial $100K mark for the seventh day in a row. BTC ETFs experienced outflows of $295 million (around Rs. 2,527 crore),» Edul Patel, Co-founder and CEO of Mudrex shared with Gadgets 360.

In contrast to Bitcoin, Ether‘s price fell by 0.15 percent, trading at $2,588 (about Rs. 2.21 lakh) on international markets. On Indian platforms, Ether posted minor losses of around 0.22 percent, with its price reaching $2,599 (approximately Rs. 2.22 lakh).

«Ethereum appears to be on the verge of a breakout, with $2,735 (approximately Rs. 2.34 lakh) being a significant resistance point to monitor. While short-term fluctuations are probable, the current price movements suggest a consolidation phase that may lead to the next upturn in this bullish trend,» stated Riya Sehgal, Research Analyst at Delta Exchange.

The crypto price tracker from Gadgets 360 indicated that most altcoin prices dipped on Friday, including Tether, Ripple, Solana, Dogecoin, Cardano, and Avalanche.

Other cryptocurrencies that saw price declines on Friday included Shiba Inu, Leo, Polkadot, Monero, Near Protocol, and Cronos.

The total cryptocurrency market capitalization increased by less than one percent in the last 24 hours. According to CoinMarketCap, the industry’s total valuation currently stands at $3.33 trillion (approximately Rs. 2,84,98,976 crore).

«The cryptocurrency market seems to be in a range. Altcoins are also exhibiting limited activity as the market looks forward to Bitcoin’s forthcoming significant move to set the direction,» remarked Himanshu Maradiya, Founder and Chairman of CIFDAQ exchange, as mentioned to Gadgets 360.

Binance Coin, Tron, Stellar, Litecoin, Iota, and Polygon managed to maintain slight gains on the charts on Friday.

Experts anticipate that the market will experience choppiness for a few more days and urge investors to exercise caution. «The recent downturn across crypto markets is a classic illustration of overexertion following a surge in optimism. Altcoins have endured the brunt of this pullback, with many facing substantial drops amid shifting sentiments after system updates. Volatility remains a characteristic trait of this asset class, and such corrections often present chances for disciplined investors,» Avinash Shekhar, Co-Founder and CEO of Pi42 mentioned to Gadgets 360.

Cryptocurrency is an unregulated digital currency and is not recognized as legal tender, thus subject to market risks. The information contained in this article is not intended to serve as financial advice, trading advice, or any form of recommendation by NDTV. NDTV assumes no responsibility for any losses incurred from investments based on any perceived recommendation, forecast, or information presented in this article.