The price of Bitcoin (BTC) reached a new all-time high (ATH) at approximately $103,700. The total crypto market capitalization also hit record levels, exceeding $3.86 trillion.
According to CoinGecko, Bitcoin’s value peaked at $103,679 before undergoing a slight correction, dropping by 2% over the next four hours. Since the beginning of the year, Bitcoin’s price surged by over 130%, with its market cap surpassing $2.02 trillion. The cryptocurrency’s dominance in the market now stands at ~57%.
All major cryptocurrencies are currently in the green zone, pushing the total market cap to its record-breaking $3.86 trillion. However, Solana remains an exception, with its price fluctuating at similar levels throughout the past week. Meanwhile, the Fear Greed Index stands at 84 points, maintaining a level above 75 throughout the past month.
Experts attribute Bitcoin’s current price surge to an announcement by Donald Trump about appointing Paul Atkins, a known crypto advocate and digital asset specialist, as the next Chair of the U.S. Securities and Exchange Commission (SEC). Moreover, the increasing adoption of Bitcoin by institutional players significantly bolstered its momentum.
Two weeks ago, Bitcoin last broke its ATH, coming close to the $100,000 mark. Analysts attributed the growth to similar factors, including the Donald Trump administration’s crypto-friendly policies and heightened institutional interest.
