In a short period, the price of Bitcoin broke the $100,000 barrier and settled within the six-figure range for the first time in over three months.

By the end of the week, the weekly price of Bitcoin recorded a 7% increase and a 26% monthly increase, raising the market capitalization of the crypto market to $2.05 trillion, despite its dominance in the market declining to 60.5% due to the strong performance of alternative currencies.