Bitcoin Price Today: What’s Behind the $102K Breakout and Altcoin Bullish Trends?

Bitcoin and Altseason Surge

Bitcoin reached a milestone, breaking above the $99.3k resistance level and surpassing $100k for the first time in 2025. This ascent aligns with the anticipated inauguration of U.S. President-elect, who has emphasized the adoption of Bitcoin and digital assets.

Stablecoins Supply Rises on Exchanges

Data analysis from Coinglass reveals an increase in the supply of stablecoins on centralized exchanges (CEXes), particularly Tether USDT, Circle's USDC, and FDUSD. For example, USDC's supply on CEXes grew by nearly $1 billion since December 26, 2024.

USDT-Ether supply has also surged, rising from $21 billion to over $38 billion at the time of writing.

Altseason on the Horizon

The increasing supply of stablecoins on CEXes is interpreted as a bolstering of purchasing power, especially among whales. Bitcoin dominance has shown signs of a macro reversal, while TOTAL2 and TOTAL3 market caps have risen following the election of pro-crypto leaders in the U.S.

Top altcoins, including Chainlink (LINK), XRP, Ethereum (ETH), Binance Coin (BNB), and Dogecoin (DOGE), have formed bullish patterns, indicating a potential rally in the near term.

FAQs

• Why is Bitcoin going up today?

  • Bitcoin's rise is driven by the breakout above $100k and the bullish sentiment surrounding digital assets due to supportive U.S. policies.

• How much will $1 Bitcoin be worth in 2030?

  • Projections estimate $610,646.

• What will Bitcoin be in 10 years?

  • Bitcoin's potential growth is volatile and difficult to predict, but it may surpass $600,000 by 2030, potentially reaching $1 million with global adoption.