Bitcoin Hits New All-Time High Above $100,000; Crypto Market Gains, Trading Volume Rises 15%

Bitcoin made history by crossing the $100,000 mark for the first time, further driving market optimism and interest in cryptocurrencies.

Elsewhere, the global crypto market increased marginally on Thursday, with the total market cap rising by 2.68 per cent to $3.64 trillion and the total trading volume up by 15.16 per cent to $343.58 billion.

XRP XRP was the most trending cryptocurrency. It is currently ranked fourth on Coinmarketcap, based on market cap. It was down by 12.91 per cent to $2.30. Its 24-hour trading volume was 25.89 billion.

Aerodrome Finance AERO was the top gainer. It was up by 11.61 per cent. Its 24-hour trading volume was $183.68 million. TRON TRX was the top loser. It was down by 21.61 per cent. Its 24-hour trading volume was $7.60 million.

DeFi was up by 2.57 per cent to $29.31 billion, Coinmarketcap.com reported.

As Bitcoin surges above $100,000, experts anticipate major shifts in the global financial landscape.

Vedang Vatsa, Founder of Hashtag Web3, said, "Bitcoin surpassing $100,000 could drive significant shifts in global financial trends, attracting more institutional investment and leading to wider cryptocurrency adoption. As businesses integrate digital currencies into their operations, this surge may also influence the growth of other blockchain platforms like Ethereum, Cardano, and Ripple, each with its own unique adoption drivers."

Sathvik Vishwanath, Co-Founder & CEO, Unocoin said, "Bitcoin’s recent climb above $100k shows that the surge is driven by institutional investors, not just retail buyers. Advanced analytics allow investors to track transactions and assess risks with a level of clarity that traditional investments can’t offer."

Cryptocurrency Prices

Bitcoin: Bitcoin BTC was up by 5.92 per cent to $102,132.92. Its 24-hour trading volume was $115.15 billion. It is currently ranked number 1 on Coinmarketcap, based on market cap. Bitcoin’s market dominance was 59.5 per cent.

Ethereum: Ethereum ETH was up by 4.50 per cent to $3,884.95 from the previous day. Its 24-hour trading volume was $63.77 billion. Ethereum’s market dominance was 13.3 per cent.

Tether: Tether USDT was trading at $1. It was up by 0.02 per cent. Its 24-hour trading volume was $279.34 billion. It is currently ranked third on Coinmarketcap.

Other Altcoins

Solana SOL was down by 1.38 per cent to $233.45. Its 24-hour trading volume was $7.45 billion.

Avalanche AVAX was trading at $51.30, down by 5.01 per cent. Its 24-hour trading volume was $1.97 billion.

Cardano ADA was down by 3.11 per cent to $1.19 from the previous day. Its 24-hour trading volume was $3.34 billion.

Meme Coins

Dogecoin DOGE was up by 6.19 per cent, with a 24-hour price of $0.4446.

Shiba Inu SHIB was up by 5.72 per cent to $0.00003167.

Decentralised Finance

DeFi coin was trading at $0.03138, down by 4.29 per cent.

Yearn Finance YFI was up by 31.69 per cent to $12,144.10 in the last 24 hours. Its 24-hour trading volume was $265.81 million.