Bitcoin has reclaimed the $100,000 price level for the first time since January, reflecting renewed bullish sentiment among investors.

Bitcoin reclaimed the $100,000 mark on May 8 at 3:22 pm UTC, surging 4.2% from the intraday low of $95,967, according to data from CoinGecko.

It marked the third time that BTC has broken through the six-figure level since first achieving it on Dec. 5, 2024.

A second all-time high followed on Jan. 20 ahead of US President Donald Trump’s inauguration.

Unlike the previous $100,000 hits, the new price spike came as Bitcoin market dominance surged above 60%, reflecting potential bearish sentiment for altcoins.

Bitcoin dominance below 60% in past $100,000 breakthroughs Bitcoin dominance — the asset’s share of the total cryptocurrency market — has been steadily rising over the past year.

During its first run to $100,000 in December 2024, BTC dominance stood at 52%. By January 2025, that figure had increased to 54%.

Source: CoinTelegraph