Bitcoin Reaches New Highs Above $96,000

Bitcoin has surged past $96,000, marking a significant move in investor sentiment and reigniting hopes of reaching the coveted $100,000 threshold. This price surge coincides with increased market activity, as reflected by CoinMarketCap’s data showing a remarkable 20% increase in daily trading volume to $30.46 billion. The cryptocurrency now boasts a record-breaking market capitalization of $1.91 trillion, with a limited circulating supply of 19.85 million BTC out of the maximum supply cap of 21 million coins. This scarcity factor reinforces Bitcoin’s value proposition based on its finite nature.