Bitcoin's price continues its upward trajectory, fueled by a combination of institutional adoption, increasing mainstream awareness, and its perceived role as a store of value. The proximity to the $100,000 level has generated considerable excitement among traders and investors.
The impressive $3.12 trillion market capitalization underscores the strength and maturity of the wider cryptocurrency market. This growth is driven by gains across various sectors, including layer-1 protocols, decentralized finance (DeFi), and meme coins, indicating broad-based investor interest.
As Bitcoin edges closer to the $100,000 psychological barrier, traders are keenly observing key resistance levels. A successful break above this milestone could trigger further bullish momentum, while failure to overcome it might lead to a period of consolidation or correction.