Bitcoin has soared to $99,000.51 at the time of writing, gaining 2.63% in the past 24 hours, as bullish momentum sweeps across the crypto market.
The latest data from CoinMarketCap shows a major uptick in trading volume, with over $46 billion traded in the last day — a 44.73% jump, suggesting strong market interest and potential institutional inflows.
This surge has pushed Bitcoin’s market cap to $1.96 trillion, while its fully diluted valuation (FDV) stands at $2.07 trillion. With 19.86 million BTC now in circulation out of the 21 million maximum supply, scarcity dynamics are also contributing to upward pressure.
The breakout comes just ahead of the $100K psychological barrier, a level many analysts see as both a resistance point and a symbolic milestone that could trigger further momentum — or heavy profit-taking.
Today’s chart shows a clean, vertical climb from the $96.5K range in the early hours of May 8, with no signs of immediate exhaustion in volume or price action. Buyers appear in control.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-surges-to-99000-what-could-be-next-in-sight/