Overview
- Bitcoin reached $107,000 on Tuesday, coming within 2% of its all-time high of $108,786 set in January 2025.
- Over the past five weeks, Bitcoin ETFs have seen $6.63 billion in net inflows, signaling strong institutional demand.
- On-chain metrics reveal a 62.5% increase in large transaction volume and a 16.5% rise in daily active addresses, highlighting heightened market activity.
- Altcoins like Ethereum, XRP, and Dogecoin continue to underperform relative to Bitcoin, with only modest price movements reported.
- Analysts predict further upside for Bitcoin, with potential breakouts expected to surpass its previous record highs.