Bitcoin (BTC) recorded a local peak of $107,950 this morning on the Binance platform, surpassing its previous low by just 1.86% from its all-time high of $110,000. As Bitcoin approaches a revisit of its historical level, altcoins have begun to show signs of fatigue. Could this upward momentum push Bitcoin to record a new high of $110,000 today?

Bitcoin's price has risen 2% today and is trading at $106,400. This recent increase has pushed the market value of Bitcoin to $2.1 trillion, with trading volume over the past 24 hours hovering around $52.14 billion.