Bitcoin Breaks $100K Again as Market Rebounds and Investors Return

Bitcoin has surged past $100,000, a milestone not seen this year, as the cryptocurrency market gains momentum.

MicroStrategy, riding the wave, announced it had acquired an additional 1,070 BTC for $101 million, bringing its total holdings to an impressive 447,470 Bitcoins. Coinbase and other crypto-linked stocks have benefited from the rally, with Coinbase shares climbing nearly 8% and MicroStrategy seeing a 6% increase.

This rally contrasts sharply with Bitcoin’s struggles in December, when heavy selling pressure kept prices below the $100,000 mark. Analysts now point to healthier market dynamics, including steadier funding rates for futures, which suggest a more sustainable trajectory. However, the focus for the week may shift to U.S. economic data, including the upcoming jobs report, which could influence investor sentiment.

Meanwhile, Bitcoin’s rising premium on Coinbase signals a resurgence of interest from U.S. investors. This marks a rebound from its post-FTX lows in 2022, hinting at growing institutional and retail demand.

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As this unfolds, Washington remains calm during the certification of President Trump’s 2024 victory—a stark contrast to the chaos of 2021. Vice President Kamala Harris presided over the session, maintaining order as the process moved forward without incident.

At the time of writing, Bitcoin is trading at $102,150 after an impressive 4.2% surge in the past 24 hours and almost 11% on the weekly chart

Alexander Stefanov