Bitcoin Briefly Surges Past $106K, Maintains Strong Momentum Near All-Time Highs
Bitcoin experienced a significant surge in early Monday trading, briefly surpassing the $106,000 mark before encountering resistance and retracing slightly. As of the latest data, the cryptocurrency is trading at $104,153, reflecting a modest 1% decline over the past 24 hours. Despite this minor pullback, Bitcoin remains robust near its all-time highs, following weeks of sustained upward momentum. This recent price action comes after a period of consolidation last week, once Bitcoin cleared the $104,000 threshold. Analysts, including CryptoQuant's Avocado Onchain, are closely monitoring derivatives and spot market activity to gauge future trends. The overall outlook remains bullish, with many investors anticipating further gains as Bitcoin continues to demonstrate resilience and strong market performance.
Bitcoin Briefly Tops $106K Before Retreating as Analyst Notes Stable Momentum
Bitcoin surged past $106,000 in early Monday trading before facing resistance and pulling back slightly. The cryptocurrency now trades at $104,153, down 1% over the past 24 hours, yet maintains strength NEAR all-time highs after weeks of sustained gains.
The move follows a brief consolidation period last week after Bitcoin cleared $104,000. CryptoQuant analyst Avocado Onchain points to derivatives and spot market data suggesting a shift in rally dynamics, with market buy volume and funding rates indicating evolving investor behavior.
80% of Americans Advocate for Bitcoin Diversification of US Gold Reserves: Survey
A groundbreaking survey by the Nakamoto Project reveals overwhelming public support for bitcoin adoption in US reserve assets. Four out of five respondents endorsed converting a portion of the nation's gold reserves to BTC, with most suggesting allocations between 1% and 30%.
The nonprofit Bitcoin advocacy group polled 3,345 Americans, presenting a hypothetical scenario about reserve diversification. Results challenge conventional assumptions about crypto adoption, though Project co-founder Troy Cross acknowledged skepticism about potential sampling bias toward Bitcoin enthusiasts.
Bitcoin Breaks Realized Capitalization Record For 4th Straight Week – Is A New ATH In Sight?
Bitcoin's realized capitalization has surged to a record $906 billion, marking its fourth consecutive week of all-time highs. On-chain data reveals sustained accumulation by both whales and spot ETFs, signaling robust institutional confidence.
The milestone underscores Bitcoin's deepening market maturity. Unlike traditional market cap metrics, realized cap values each coin at its last transacted price—painting a more accurate picture of capital inflows.
MicroStrategy Stock Slides Amid Bitcoin Accumulation and Legal Woes, Bullish Targets Remain
MicroStrategy shares face downward pressure as regulatory uncertainty and a class-action lawsuit against CEO Michael Saylor weigh on investor sentiment. The company's latest Bitcoin purchase of 7,390 BTC—a $450 million bet at current prices—fails to offset these headwinds.
Market volatility continues to buffet cryptocurrency-exposed equities, yet analysts maintain $1,800 price targets for MSTR. The stock's performance now hinges on resolving legal challenges while maintaining its aggressive Bitcoin acquisition strategy.
Altcoin Market Faces Headwinds as Bitcoin Nears All-Time High
The altcoin market's brief outperformance against Bitcoin appears to be losing steam as Tether reserves decline, signaling weakening buying power. Bitcoin's surge to $107.1k—just shy of its $108.8k all-time high—has cemented bullish sentiment, but analysts warn of potential overheating.
Alphractal CEO Joao Wedson cautions that extended periods of extreme bullishness often precede market tops, creating traps for overeager investors. The Bitcoin Dominance chart reveals altcoins enjoyed a five-day rally before momentum faltered, underscoring the crypto market's volatility.
Indonesian Fintech DigiAsia's Stock Surges 91% on $100M Bitcoin Treasury Plan
DigiAsia Corp, a Nasdaq-listed Indonesian fintech firm, saw its shares double after announcing a bold Bitcoin treasury strategy. The Jakarta-based company plans to allocate up to 50% of net profits toward BTC acquisitions and is exploring a $100 million capital raise to fund initial purchases.
The MOVE reflects growing corporate appetite for digital assets as treasury reserves. DigiAsia joins a wave of institutions adopting Bitcoin as part of capital management strategies, with its stock price reacting violently to the news—surging 91% in single-day trading.
Company executives are negotiating with regulated partners to develop yield-generating strategies for their Bitcoin holdings, signaling long-term commitment rather than speculative trading. This institutional approach mirrors strategies employed by MicroStrategy and Tesla, though at a smaller scale.
