#BTCBackto100K Bitcoin’s Last Major Bull Run: Breaking the Market

Bitcoin, the flagship cryptocurrency, has a history of sharp price surges that shake the entire crypto and financial markets. The most recent major breakout occurred in late 2023 and early 2024, when BTC surged past critical resistance levels and re-entered a bullish phase, sparking global interest.

After months of consolidation around the $25,000–$30,000 range through mid-2023, BTC gained momentum due to several key factors:

ETF Hype and Institutional Adoption: Anticipation and eventual approval of multiple Bitcoin ETFs brought credibility and massive institutional inflows.

Macro Factors: Easing inflation concerns, Fed policies stabilizing, and increased risk-on sentiment among investors boosted BTC’s appeal.

Halving Anticipation: With the next Bitcoin halving expected in 2024, long-term holders and speculators began accumulating heavily.

As a result, BTC broke through the $40,000 mark in December 2023, triggering FOMO (fear of missing out) across retail and institutional investors. The rally accelerated in early 2024, pushing Bitcoin to above $50,000, and briefly touching $73,000 in Q1 2024—setting a new all-time high.

This breakout not only redefined market dynamics but also reignited the altcoin season, boosted crypto-related stocks, and pulled fresh liquidity into DeFi and NFTs. For many, it echoed the euphoric runs of 2017 and 2021, though with more maturity and deeper financial integration.

While the market has since seen corrections, that rally marked a historical shift, reinforcing Bitcoin’s role as a digital asset class with staying power.