It almost felt inevitable today that bitcoin will eventually break past the coveted $100,000 milestone and after a brief hesitation, the asset has soared to a new multi-month peak above $101,000.
The altcoins have followed suit with massive price gains from the likes of PEPE, SUI, FARTCOIN, and many others.
BTCUSD. Source: TradingViewCryptoPotato reported earlier today that BTC had risen to $99,700 amid reports that China and the US will have talks later this week in Switzerland in regards to striking a tariff deal. Later, Trump teased a big announcement for tomorrow that will involve the UK.
BTC stood close to the six-digit entry territory for almost the entire day and was stopped there at first. However, the asset flew past it an hour ago and kept surging to a new three-month peak of over $101,000.
Recall that just a month ago the primary cryptocurrency struggled below $80,000 and even dumped to a 2025 low of under $75,000 amid the darkest hours of the Trade War.
Now, though, bitcoin’s realized cap has marked another all-time high, while the break above $100,000 could be different than previous such increases.
VIRTUAL and PENGU lead the daily gains from the top 100 alts, with price surges of 36 and 33, respectively. PEPE, SUI, and FARTCOIN follow suit by charting 20-25 daily jumps.
Even Ethereum has soared by double digits in the past 24 hours, and managed to break past $2,000 for the first time in well over a month.
The total value of liquidations on a daily scale is up to $580 million, according to CoinGlass. The majority, expectedly, comes from short positions (almost $500 million). The total number of wrecked trades is above 145,000.
Liquidations Heat Map. Source: CoinGlass
