#ETHCrossed2500 Bitcoin

BTC -0.03%

continued its upward momentum, trading around $104,000 as of late Sunday night after crossing the key $100,000 level for the first time in months.

Analysts suggested that bitcoin may reach a new record high, though a short-term price correction also remains possible.

According to The Block's bitcoin price page, the world's largest cryptocurrency remained relatively steady in the past 24 hours, down 0.12% at $103,926. Earlier in the day, bitcoin briefly rose above the $105,000 level.