Bitcoin Jumps Past $102,000: Experts See ‘Classic Correction,’ Eye $109,000 High
Bitcoin‘s (CRYPTO: BTC) price has decisively broken through the $100,000 barrier, hitting a peak of $102,482 in the early Monday trading session.
What Happened: The cryptocurrency’s 3.2% jump to $102,250 is accompanied by experts citing a “classic correction completion” and an environment ripe for continued growth, while also cautioning that a sustained altcoin rally remains uncertain due to Bitcoin’s enduring dominance.
The surge in Bitcoin’s price has brought the overall cryptocurrency market capitalization to over $3.5 trillion, according to analysts at FxPro, the highest level since mid-December.
Ethereum (CRYPTO: ETH) has also moved up 3% to $3,736, along with altcoins such as Solana (CRYPTO: SOL) and Avalanche (CRYPTO: AVAX) which have …