The post Bitcoin Surpasses $107,700—Global Crypto Market Explodes! appeared first on Coinpedia Fintech News
Bitcoin is surprising the crypto world with a new high every one or two days. This has never happened in the history of crypto since now. Today Bitcoin reached $107,821 according to tradingview. BTC led the market cap of crypto space to reach $3.73 Trillion. All other cryptos are taking advantage of this time to grow rapidly.
Bitcoin’s Big Jump: Why It Matters
Bitcoin is currently trading at $106,656, up 1.72% from the day before. The market cap for Bitcoin is now a whopping $2.23 trillion, making up more than half of the entire crypto market. And if you’re wondering why, the big reason is the major money flow into Bitcoin. On Monday alone, Bitcoin ETFs saw $218 million in inflows, with big names like Fidelity and Ark jumping in.
But that’s not all. Michael Saylor, the CEO of MicroStrategy, has even floated the idea of using Bitcoin to help the U.S. tackle its huge debt. That’s a pretty big deal and shows that Bitcoin is starting to be seen as more than just a digital currency—it’s becoming part of global financial strategy.
Ethereum and XRP Are Gaining Ground
Ethereum is also in the mix. It’s been rising steadily and is now priced at $4,011, a 1.11% increase in just 24 hours. With a market cap of $483.28 billion, Ethereum is a big player. Even though its ETF inflows aren’t as large as Bitcoin’s, they’re still significant, and Ethereum’s not slowing down anytime soon.
Then there’s XRP. It’s currently trading at $2.48, also up 2% in the past day. Some analysts think XRP could hit $7 in the near future, especially with the launch of RLUSD, a stablecoin that could boost its adoption and use. XRP’s market cap is at $142 billion, and it’s definitely one to watch closely.
What’s Next for Crypto?
Looking ahead, the future is bright for the crypto market. Bitcoin is definitely leading the way, but there’s a lot of potential for other coins to follow suit. Solana, for example, is expected to see massive growth by 2025. Even smaller tokens like Bitget Token are doing well, boosted by news that it’s now licensed in El Salvador to operate as a Bitcoin service provider. The market’s growing quickly, and there’s no telling how far it could go.
