Bitcoin experienced a surge this weekend, reaching near $106,000 before dipping to around $104,500. The price bump comes as transaction fees on the network hit new highs for 2025, signaling increased demand for block space. The seven-day moving average fee currently stands at $2.40, surpassing previous records reported by The Block. 2023’s dominance of Bitcoin has also seen a slight recovery, despite a recent price dip compared to other cryptocurrencies. This potential resurgence in Bitcoin might be attributed to liquidity issues rather than a shift towards altcoins, which is evident in the drop in daily transaction volume from around 507,000 to 330,000, according to The Block’s data. Meanwhile, illiquid supply has also reached an all-time high, indicating Bitcoin’s potential for a significant price jump as more demand emerges.