Bitcoin stabilizes above USD 108,000 today. What’s next for BTC and the crypto market?

Today, the crypto market is once again in the spotlight as Bitcoin (BTC) stabilizes above the psychological threshold of USD 108,000. In this article, we analyze BTC’s real-time price, other top cryptocurrencies, the factors behind this rally, and short-to-medium-term forecasts from institutional and independent experts.

Bitcoin exceeds USD 108,000: a historic moment

In the last 24 hours, Bitcoin has traded between USD 106,700 and 108,500, according to CoinMarketCap and Binance data. The current BTC price is approximately USD 108,000, up by 2.8% compared to yesterday. This performance marks a new all-time high, confirming analysts’ predictions for continued growth in this bull market cycle.

Key drivers of BTC’s price today:

🔹 1. Accelerating institutional adoptionMajor financial institutions in Asia, the US, and Europe continue integrating Bitcoin into alternative asset portfolios. The recent approval of spot BTC ETFs in Hong Kong and Singapore triggered significant institutional buying, boosting global demand.

🔹 2. Global monetary policy impactRecent interest rate cuts in the US and Europe lowered bond yields, pushing investors toward higher-return assets like crypto. The USD weakened by 0.5% in the past 24h, further supporting BTC as a hedge against inflation.

🔹 3. Decline in BTC exchange reservesGlassnode reports a 4.2% decrease in BTC reserves on centralized exchanges over the last 24h, signaling strong holding sentiment among investors expecting higher prices.

🔹 4. Record-breaking hashrate growthBTC’s hashrate reached a new high of 670 EH/s, enhancing network security and miner confidence – both critical for long-term blockchain stability.

Top crypto prices today:

• Ethereum (ETH): USD 5,600 (+1.9%)

• BNB: USD 670 (+1.2%)

• Solana (SOL): USD 180 (+3.8%)

• XRP: USD 0.65 (+1.4%)

• Cardano (ADA): USD 0.52 (+2.5%)

Bitcoin’s dominance rose to 55.6%, but altcoins like Solana and Cardano maintain upward momentum as traders seek short-term speculative gains.

Analysts’ views on today’s crypto market:

🔹 Mike Novogratz (Galaxy Digital):“Bitcoin has confirmed its status as digital gold. Exceeding USD 108,000 marks a historic moment for global adoption. The next major target is 125,000 – 130,000 USD.”

🔹 PlanB (Stock-to-Flow creator):“The Stock-to-Flow model remains valid. BTC may reach USD 135,000 in this bullish cycle, driven by the recent halving that reduced daily issuance.”

🔹 Rekt Capital (technical analyst):“BTC is in the euphoria phase of this market cycle. Corrections of 10-20% are natural, but the overall trend remains strongly bullish.”

Interesting market facts today:

• Total crypto market trading volume surpassed USD 160 billion in the last 24h, with BTC accounting for USD 39 billion.

• Over 94% of BTC holders are in profit at the current price (IntoTheBlock).

• The number of wallets holding ≥1 BTC reached 1.15 million, a new record.

• Ethereum staking has exceeded 34 million ETH, confirming its role as foundational blockchain infrastructure.

• There are now over 10,800 cryptocurrencies listed on CoinMarketCap, with top 10 assets representing ~89% of total market capitalization.

Short technical analysis BTC:

• EMA50 (daily): support near USD 104,500

• RSI: 74 (slightly overbought, potential minor consolidation)

• MACD: active bullish cross, confirming momentum

Outlook and short-term risks:

Despite widespread optimism, analysts warn that:

• Corrections are natural in strong uptrends.

• Macroeconomic events (regulation, taxation, geopolitical risks) may trigger sharp volatility.

• High leverage on futures (funding rate >0.07%) could cause liquidations during quick dumps.

Conclusion:

Today marks a new chapter for Bitcoin and the broader crypto market. Breaking USD 108,000 solidifies BTC’s status as “digital gold” and a de facto reserve asset. Investors, however, should remain cautious, manage risks, and combine both technical and fundamental analysis before entering positions. Crypto’s volatility remains high – opportunities are directly proportional to risks taken.