Bitcoin has recently reached a significant milestone, surging to $100,000 once again, indicating strong bullish momentum in the cryptocurrency market ¹. This milestone was last reached on December 15, 2024, and was accompanied by a trading volume spike on major exchanges like Binance and Coinbase. The surge in Bitcoin's price has also led to increased volatility in the options market, with the 25-delta skew on Deribit reaching 12%, indicating a higher demand for call options#insight $BTC

As of the latest update, Bitcoin's current price is around $84,128.01, with a market cap of $1.22T ². The current trading volume is $71.99B, with a circulating supply of 19,831,690 BTC ³. The price increase has also led to a 3.5% rise in the value of the US Dollar Index (DXY), suggesting a potential correlation between Bitcoin's performance and traditional financial markets ¹.

The surge in Bitcoin's value has also had a positive impact on other cryptocurrencies, with Ethereum (ETH) rising by 4.2% to $5,800 and Cardano (ADA) increasing by 6.1% to $1.20 ¹. Overall, the latest update suggests a strong bullish trend for Bitcoin, with potential for continued upward momentum.