Bitcoin ($BTC ) continues to show remarkable resilience in the cryptocurrency market. Currently, the price hovers around $104,000, with a growth of 0.3% in the last 24 hours, maintaining this price range for almost a week.
Despite inflationary concerns related to U.S. tariff policies, the cryptocurrency market has shown surprising strength. The overall market capitalization has reached $3.4 trillion, the highest level since February, primarily driven by interest in altcoins.
Another positive signal for the sector is the announcement of Coinbase's inclusion in the S&P 500 starting May 19, an event that led to a 24% increase in its shares.
From a technical standpoint, the Bitcoin network remains robust, with a current hash rate of about 939.75 EH/s, indicating a high level of security and activity on the network.
With these dynamics, many analysts predict that Bitcoin could reach new all-time highs in the second quarter of 2025, surpassing the $120,000 threshold.