Bitcoin has once again surged above the $110,000 mark, reinforcing its bullish trajectory and recovering from last month’s mid-cycle consolidation.
As of Thursday, Bitcoin is trading at $110,005.61, up 81.73% year-over-year, according to data from CoinMarketCap.
Market Metrics Confirm Strength
- Market Cap: $2.18 trillion (↑ 2.21%)
- 24h Volume: $56.29 billion (↑ 16.83%)
- Circulating Supply: 19.88 million BTC
- Max Supply: 21 million BTC
- Volume-to-Market Cap Ratio: 2.52%
Bitcoin’s steady climb comes amid increasing investor interest, strong on-chain activity, and growing institutional involvement. The rally follows recent developments including:
- The U.S. Senate passage of Trump’s economic stimulus bill, which could inject new liquidity into markets
- Rising ETF inflows and renewed corporate BTC accumulation (e.g. Metaplanet, Strategy)
- Continued macro uncertainty driving interest in Bitcoin as a hedge
Bullish Chart Structure Holds
The price chart shows a strong recovery from the sub-$80,000 levels seen in early Q2. After bouncing from support in May, BTC has carved out higher lows and broken past short-term resistance, confirming renewed strength among bulls.
Despite brief volatility, Bitcoin’s ability to hold above six figures suggests a continued uptrend, especially as demand increases in both spot and derivatives markets.
Looking Ahead
Bitcoin’s next major resistance sits in the $115,000–$118,000 zone, while support has established around $104,000–$106,000. If current momentum sustains, analysts expect a push toward previous cycle highs—potentially setting the stage for a broader crypto market rally in Q3.
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-reclaims-110000-as-bullish-momentum-builds/