BTC breaks through $96,000, how far is it from the $100,000 mark

According to the latest news, BTC/USDT is currently quoted at $96,308.2, up 0.83% in the past 24 hours, successfully breaking through the 96,000 USD psychological threshold. This price point is just one step away from the 100,000 USD round number, sparking market attention on the subsequent trend. From a broader time perspective, BTC has recently performed steadily, with a considerable medium-term increase.

Market Performance Behind the Price Breakthrough

BTC’s current price is $96,042.84. Although the 24-hour increase appears moderate, when viewed over a longer time frame, the trend is more robust.

In the short term, there has been a slight pullback (a 0.21% decline in 1 hour), but the gains over 7 and 30 days reach 5.90% and 11.93%, respectively, indicating a clear medium-term upward trend. This progressive increase from monthly to weekly and daily levels reflects market participants’ continued optimism about BTC.

Market Position and Trading Activity

As the absolute leader in the cryptocurrency market, BTC’s market capitalization has reached $1.92 trillion, accounting for 59.12% of the entire crypto market. This proportion indicates that BTC remains the dominant player, and its price movements are highly influential for the overall market.

From a trading perspective, the 24-hour trading volume is $6.023 billion, down 0.38% compared to the previous day, but still maintaining a relatively high level, demonstrating active market participation.

Supply Stability

Currently, the circulating supply of BTC is 19,976,012 coins, which accounts for 95.12% of the maximum supply of 21,000,000 coins. This means BTC’s supply is nearing its limit, with very limited room for new issuance. Under this supply constraint, price increases are driven more by demand-side factors.

Future Focus

From the current price of $96,308 to the round number of $100,000, BTC still needs to rise about 3.8%. Considering recent upward momentum and market expectations for the $100,000 psychological threshold, this target is not technically out of reach. However, short-term minor pullbacks (such as the 1-hour decline) suggest that when approaching the round number, the price may face profit-taking pressure.

Summary

BTC breaking through $96,000 marks the market’s continued approach toward the $100,000 psychological level. Data shows a strong medium-term increase (nearly 12% over 30 days), stable market dominance (over 59% market share), and active trading. These factors collectively support BTC’s upward trend. The key future observation is whether it can successfully break through the symbolic round number of $100,000.