The cryptocurrency market is experiencing a strong bullish wave today, with major digital assets surging and investor sentiment turning increasingly optimistic. As of Thursday, the global crypto market capitalization has climbed to approximately $3.06 trillion, marking a 2.52% increase in the last 24 hours.
Bitcoin Approaches $100,000
Bitcoin (BTC), the world’s largest cryptocurrency by market cap, is trading around $98,864, up over 2.3% since yesterday. With an intraday high of $99,835 and a low of $95,959, BTC is now just a short push away from crossing the critical $100,000 milestone — a psychological and technical level that investors have been eyeing for months.
The rally is being attributed to growing institutional adoption and positive regulatory signals from key global markets. Analysts suggest that if Bitcoin can break through $100K with strong volume, it could open the door to a new leg in the current bull cycle.
Ethereum and Altcoins Gain Momentum
Ethereum (ETH), the second-largest cryptocurrency, has also posted solid gains. ETH is currently trading at $1,904, rising over 4% in the past day. The coin touched an intraday high of $1,922, as investor confidence in Ethereum 2.0 and staking rewards continues to rise
Among the notable performers in the altcoin market:
BNB is trading at $610.72, up by 1.3%
XRP has risen to $2.18, gaining 2.3%
Cardano (ADA) is up by 4.4%, now trading at $0.704
Solana (SOL) reached $150.23, up by 3.06%
Dogecoin (DOGE) is trading at $0.1803, marking a 4.87% increase
These broad-based gains reflect a renewed appetite among retail and institutional investors alike, as risk-on sentiment returns to the market.
What’s Driving the Rally?
Several factors are fueling the current surge in prices:
Institutional interest continues to rise, with major hedge funds and asset managers increasing exposure to Bitcoin and Ethereum.
Regulatory clarity in the U.S. and Europe is easing investor concerns and encouraging broader participation.
Macroeconomic optimism, including expectations of lower interest rates, is driving money back into speculative assets like crypto.
Outlook
As Bitcoin flirts with the $100K level and Ethereum stays strong above $1,900, market sentiment remains overwhelmingly positive. However, analysts caution that key resistance levels could trigger short-term volatility.
For now, the crypto bulls are in control — and all eyes are on Bitcoin’s next move
