Bitcoin has traded above $100,000 for more than 40 consecutive days since May 7, a milestone for the leading cryptocurrency, which also surpassed 6,000 days of continuous operation this month.
BTC Insensitive to Global Events
On June 19, Bitcoin recorded more than 40 consecutive days trading above the $100,000 threshold, an achievement accomplished despite ongoing uncertainty and heightened geopolitical tensions in the Middle East. According to Coingecko data, May 8 was the last time BTC traded below $100,000, meaning it had surpassed that mark for 42 days by June 19.
Meanwhile, Blockchair data shows that BTC remained above $100,000 for 43 days, establishing a new level of resistance, according to some technical analysts. During this period, BTC set a new historical record on May 23, surpassing a milestone previously reached on January 20. At the time of writing this article, the leading cryptocurrency was trading just above $104,000, familiar territory for BTC in June.
Before the leading cryptocurrency returned to a six-figure value in U.S. dollars at the beginning of May, BTC had traded below $100,000 for more than 60 days, as global markets were shaken by the trade war triggered by U.S. President Donald Trump's 'reciprocal tariffs'. At that time, BTC's apparent correlation with traditional assets and markets seemed to contradict claims that it is a safe-haven asset.
However, since April 7, when it reached a low just below $75,000, BTC has followed an upward trend, increasing by about 50% to reach nearly $112,000 about 45 days later. As shown by Coingecko data, BTC has since fluctuated between $110,000 and $100,000, with major global events, including the start of Israel's attack on Iranian nuclear facilities, seemingly failing to push it below the $100,000 threshold.
Not only has the leading cryptocurrency maintained a price above the $100,000 mark for more than 40 consecutive days, but it also celebrated a monumental operational achievement in June: over 6,000 days of continuous operation.
According to Bitbo's data, the Bitcoin network has operated uninterrupted since its genesis on January 3, 2009, at 02:54:25 GMT. This record of availability has only been marred by two isolated incidents in its early history — one in 2010 and another in 2013 — highlighting the unmatched resilience and robustness of the network. These recent feats further strengthen BTC's position as a digital asset of sustainable stability and increasing maturity within the global financial landscape.
