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 …

Full story available on Benzinga.com

  • bitcoinBitcoin (BTC) $ 94,262.00
  • dogecoinDogecoin (DOGE) $ 0.338873
  • shiba-inuShiba Inu (SHIB) $ 0.000021
  • litecoinLitecoin (LTC) $ 101.82
  • pepePepe (PEPE) $ 0.000018
  • bellscoinBellscoin (BELLS) $ 0.472458
  • luckycoinLuckycoin (LKY) $ 0.706332