Crypto Price Today: Bitcoin breaks $100K barrier again as early 2025 recovery continues
Bitcoin (BTC) has surged back into six-digit territory, continuing its early 2025 recovery. The largest cryptocurrency climbed to nearly $102,000 on Tuesday, marking its first return to the six-digit price since December 19, 2024, and starting the year on a strong note.
At 10:43 am IST, Bitcoin was trading at $101,780, up 1.2%, with an intraday high of $102,712.
«BTC spot ETFs saw net inflows of $759 million, building on the $900 million inflows from the previous session, taking Bitcoin into six-figure territory. Additionally, the anticipation of pro-crypto candidate Pierre Poilievre becoming Canada’s next prime minister, replacing Justin Trudeau strengthened the market sentiment increasing broader market activity,» said Edul Patel, CEO of Mudrex.
«Currently trading at $102,000, Bitcoin faces its next resistance at $104,700 with support moving up to $98,500,» Edul added.
Did you Know?
The world of cryptocurrencies is very dynamic. Prices can go up or down in a matter of seconds. Thus, having reliable answers to such questions is crucial for investors.
View Details»Meanwhile, Shivam Thakral, CEO of BuyUcoin, commented, «This resurgence follows a strong upward momentum as the cryptocurrency market reacts positively to recent developments, including
Read more on economictimes.indiatimes.com
