Bitcoin has traded above $100,000 for more than 40 consecutive days since May 7, a milestone for this leading cryptocurrency, while also surpassing 6,000 days of continuous operation this month.
BTC Not Affected by Global Events
On June 19, Bitcoin recorded over 40 consecutive days trading above $100,000, a feat achieved despite ongoing instability and rising geopolitical tensions in the Middle East. According to Coingecko data, May 8 was the last time BTC traded below $100,000, meaning it has been above this level for 42 days as of June 19.
Meanwhile, Blockchair's data shows that BTC has been above $100,000 for 43 days, creating a new resistance level, according to some technical analysts. During this period, BTC continued to set new all-time highs on May 23, surpassing the previous significant milestone achieved on January 20. At the time of writing, this leading cryptocurrency was trading above $104,000, a familiar territory for BTC in June.
Before this leading cryptocurrency returned to a six-figure value in US dollars at the beginning of May, BTC had traded below $100,000 for more than 60 days as the global market was affected by the trade war caused by President Donald Trump's 'reciprocal tariffs.' At that time, BTC's apparent correlation with traditional assets and markets seemed to undermine the claim that it is a safe-haven asset.
However, since April 7, when it hit a low just below $75,000, BTC has been on an upward trend, rising about 50% to nearly $112,000 after about 45 days. According to Coingecko data, BTC has since fluctuated between $110,000 and $100,000, with major global events, including Israel's initiation of attacks on Iran's nuclear facilities, seemingly unable to push it below the $100,000 mark.
This leading cryptocurrency not only maintained a price above $100,000 for over 40 consecutive days but also celebrated a tremendous operational achievement in June: Over 6,000 days of continuous operation.
According to data from Bitbo, the Bitcoin network has been continuously operational since its inception on January 3, 2009, at 02:54:25 GMT. This uptime record has only been disrupted by two individual incidents in its early history — one in 2010 and one in 2013 — highlighting the network's resilience and unparalleled sustainability. These recent achievements further solidify BTC's position as a digital asset with long-term stability and increasing maturity in the global financial landscape.