$BTC BITCOIN JUST BROKE $105,000 🚀
Bitcoin (BTC) has recently surged past the $105,000 mark, reaching a high of $105,424.45 on Sunday, May 18, 2025. This rally has propelled Bitcoin's market capitalization to over $2.05 trillion and triggered a broader cryptocurrency market surge, adding more than $250 billion in value over five trading days .
As of now, $itcoin is trading at approximately $103,579, slightly below its recent peak but still within a bullish range. This price action places Bitcoin just 3.5% shy of its all-time high of $109,114 set in January 2025 .
The recent price increase is attributed to several factors, including positive inflation data, expectations of U.S. interest rate cuts, and significant fund inflows from both retail and institutional investors. Open interest in Bitcoin futures has reached a record high of over $36 billion, indicating strong trader conviction .
Bitcoin's dominance in the cryptocurrency market has risen to over 53.2%, the highest in more than three years, as capital shifts into large-cap digital assets amid increasing regulatory clarity .
Analysts suggest that if Bitcoin can maintain support above $100,000 and break through resistance levels around $106,000 to $107,500, it could aim for new all-time highs in the near term .
In summary, Bitcoin's recent surge past $105,000 reflects growing investor confidence and favorable macroeconomic conditions. However, traders should remain cautious of potential volatility as the market approaches previous high levels.
