{"id":26096,"date":"2025-05-10T01:01:33","date_gmt":"2025-05-10T01:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=26096"},"modified":"2025-05-10T01:01:33","modified_gmt":"2025-05-10T01:01:33","slug":"whats-driving-the-bitcoin-price-recovery-above-100000-and-is-it-sustainable","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=26096","title":{"rendered":"What\u2019s Driving The Bitcoin Price Recovery Above $100,000 And Is It Sustainable?"},"content":{"rendered":"
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Bitcoin is back trading above<\/a> the psychological $100,000 price level like it never left. After months of declines, the leading cryptocurrency has reclaimed $100,000 for the first time since January, and the crypto Fear and Greed Index is now back into the greed threshold.\u00a0<\/p>\n

Interestingly, this break above $100,000 also comes with the Bitcoin dominance above the 60% threshold. This is the first time Bitcoin dominance is breaking above $100,000 with such dominance over the market, which lends weight to the sustainability of the current rally.<\/p>\n

Bitcoin Price Breaks $100,000 Again, But This Time The Market Looks Different<\/h2>\n

Bitcoin\u2019s return above the $100,000 level has injected new energy into the broader crypto market, following several weeks of price stagnation and market hesitation. After enduring a drawn-out phase of correction and sideways movement, the leading cryptocurrency has now managed to clear several resistance zones in the past week, though a few more stand in the way<\/a> before new all-time highs above $109,000 can be established.<\/p>\n

It\u2019s easy to assume that Spot Bitcoin ETFs are solely responsible for the current rally, but the data suggests otherwise. Inflows into these ETFs<\/a> have averaged just $129 million over the past two days, which is a relatively small figure compared to the $700 million-plus inflows seen daily during Bitcoin\u2019s last push past $100,000 in January. Rather than being powered by ETF activity alone, the current surge is a combination of macroeconomic developments<\/a> and market-specific shifts that have converged over the past few weeks to support the upward price momentum.<\/p>\n

A significant contributor to the improved sentiment<\/a> is the U.S.-U.K. trade agreement announced on May 8, 2025. President Donald Trump and Prime Minister Keir Starmer introduced a new deal that keeps the 10% U.S. tariff on British imports intact while the U.K. lowers its own tariffs to 1.8% and expands access to American goods. This agreement has cooled what had been growing investor anxiety. The fear of escalating tariffs had previously helped push Bitcoin down to a low of $74,000 in early April. Now, with tensions easing, capital is flowing back into risk assets, giving Bitcoin an added push at a crucial moment.<\/p>\n

Is BTC\u2019s Rally Above $100,000 Sustainable?<\/h2>\n

Compared to previous surges past six figures, this rally is unfolding under notably different market conditions. One of the clearest differences is Bitcoin\u2019s dominance, which now sits above 60%.<\/p>\n

This level of dominance points to a stronger structural support beneath the price action. As noted by crypto analyst Rekt Capital, there\u2019s a possibility that <\/a>the Bitcoin dominance will continue to 71% over time.<\/p>\n

\"Bitcoin\"<\/p>\n

On-chain data further strengthens the case for the sustainability of the current rally. Exchange balances have been declining for a while<\/a>, which has contributed to the current uptrend<\/a>. This trend is matched by stablecoin inflows into exchanges,<\/a> which typically precede buying activity.\u00a0<\/p>\n

At the time of writing, Bitcoin is trading at $102,900, with an intraday high of $103,890. This puts it at 5.7% way from reclaiming its January all-time high of $108,780.\u00a0 According to glassnode data, about 3 million BTC have returned to a state of profit <\/a>between April\u2019s low of $74,000 and the current price action.<\/p>\n

\"Bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin is back trading above the psychological $100,000 price level like it never left. After months of declines, the leading cryptocurrency has reclaimed $100,000 for the first time since January, and the crypto Fear and Greed Index is now back into the greed threshold.\u00a0 Interestingly, this break above $100,000 also comes with the Bitcoin dominance […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-26096","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26096"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26096\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}