Bitcoin Blasts Past $95K: Is $100K Next?

BTC's Rollercoaster Ride Continues

Hold onto your hats, crypto fans! Bitcoin just rocketed past $95,000 and shows no signs of slowing down. Experts are buzzing, saying this wild rally might just send BTC soaring back to that dreamy $100,000 mark.

From the Depths to New Heights

After a month that felt like a rollercoaster, Bitcoin's ended strong, hitting a high of $95,444 in the last 24 hours. Remember when it was chilling at $95k back in mid-February? Yeah, it crashed down below $80,000 at the start of this month, but look at it now!

Steady at $95K

Right now, BTC's holding steady above $95,000, nudging up by just 0.1% to sit at $95,104 as of April 30 at 12:00 UTC. It's got a market cap of a whopping $1.88 trillion, but its daily trading volume's taken a hit, dropping nearly 20% to $22.6 billion.

A Week and a Month of Gains

This isn't just a one-day wonder, folks. Over the past week, BTC's climbed 13.3%, and in the last month, it's up by 15.7%. This rally's got legs!

Economic Uncertainty Fuels the Fire

Why the surge? Blame it on the economic chaos shaking up traditional markets. Stocks and fiat are wobbling, so investors are diving into safe-haven assets like gold and, you guessed it, crypto. Just a few days ago, gold hit a new high at $3,390.

Institutional Money Pours In

And get this: big money's moving in too. U.S. spot Bitcoin ETFs have raked in $764 million in net inflows over the past week. Institutional interest is on fire!

Holders Are Sitting Pretty

Here's a fun fact: over 85% of Bitcoin holders are now in the green, up 10% from when it dipped to 75%. That's a lot of happy hodlers!

What's Next for BTC?

So, what's the deal? If BTC can break through $98,000, it might just make it back to $100,000. But if it stumbles now, we could see it slide back to $85,000-$87,000. Buckle up, it's gonna be a wild ride!

Disclaimer

Just a heads up: this isn't investment advice. We're here to educate, not to tell you where to throw your cash.