Bitcoin Targets All-Time High as Stablecoin Dominance Wanes

Bitcoin price continues its upward trajectory above $102,000, edging closer to the crucial $104,900 resistance level with potential for an all-time high. This bullish momentum is fueled by a decline in USDT dominance, indicating a shift toward increased investment in Bitcoin and altcoins. USDT’s market share has shrunk to 4.68%, signaling a sustained return of capital to the crypto space. Market sentiment has strengthened alongside the price rally, further bolstering Bitcoin’s climb past $100,000 and Ethereum’s ascent beyond $2,500.