Bitcoin Hits A New ATH Once Again After Touching $108K

Bitcoin (BTC) has achieved a new all-time high (ATH) of $108,000, surpassing the previous record of $107,000 set just a day earlier. As of now however, the price has decreased to around $104,000 marking an approximate 3% decrease within a 24 hour period.

Bitcoin Increases While Alts Stay Mixes

The recent rally by Bitcoin really started to take shape after the flagship crypto broke through the critical $100K mark not too long ago, after which it has continuously broken new ground and achieved new ATHs on a frequent basis.

While Bitcoin continues its upward trend, the altcoin market presents a more mixed picture. Leading the pack are Patriot, which has surged to $0.005452, reflecting a 100.2% increase in just 24 hours Pepe Unchained, now priced at $0.02356, up by 59.0% and Freysa AI, currently at $0.01392, showing a 57.3% gain. Additionally, Hyperliquid (HYPE) has skyrocketed by 84.7%, reaching a price of $25.61.

However, several major altcoins are seeing losses. Ethereum (ETH), Dogecoin (DOGE), Cardano (ADA), Avalanche (AVAX), TRON (TRX), and Binance Coin (BNB) are all experiencing declines, while coins like HBAR, Stellar (XLM), XRP, and Solana (SOL) have posted positive gains over the past 24 hours.

Crypto Market Overview

The global cryptocurrency market capitalization now stands at $3,819,825,623,882, with a daily trading volume of $279,803,356,342. The market capitalization of Bitcoin is currently at $2.11 trillion, reflecting a nearly 10% increase over the past week.

Adoption remains high however, with many big institutional names like BlackRock, Grayscale, MicroStrategy, and more steadily increasing their BTC holdings. Even entire countries are getting involved, with both Russia and the United States recently unveiling their plans of establishing a Bitcoin reserve strategy.