Bitcoin Breaks $105K Barrier: Bullish Momentum Fuels Price Surge

Bitcoin continues its upward trajectory, surpassing the $105,000 mark and reaching a new all-time high. This positive momentum is driven by increased market capitalization and growing investor confidence. Despite recent volume reduction, the price action demonstrates strong long-term bullish trends. 1.40% growth was observed in price over the last 24 hours, as Bitcoin traded at $105,210.94 with a market capitalization of $2.09 trillion, and trading volume dropped by 29.29%. The current market trend is characterized by upward momentum despite lower trading activity as seen in the declining trading volume to market cap ratio. Price action shows fluctuations throughout the day, with the price reaching its peak at around $105.38 before settling slightly lower. Despite reduced trading volume, Bitcoin’s price continues its steady upward climb.