Bitcoin is once again capturing the spotlight, climbing within striking distance of its all-time high, with a surge that has reignited market enthusiasm and bolstered hopes of another major breakout. As BTC approaches the pivotal $109,588 mark, traders and analysts are keeping a close watch, anticipating a potential milestone moment in the days ahead.
This bullish momentum has not come out of nowhere. Bitcoin confidently surged past the $100,000 psychological barrier earlier this week, locking in a solid 10% gain over the past seven days. This move, coupled with persistent inflows into spot Bitcoin ETFs—especially BlackRock’s iShares Bitcoin Trust (IBIT)—has given traders even more reason to be optimistic. According to data from Farside Investors, IBIT has now recorded 19 consecutive days of inflows, totaling $1.03 billion in the most recent trading week alone.
The broader crypto market is also heating up. Altcoins like Ethereum (ETH), Dogecoin (DOGE), Pepe (PEPE), and Cosmos (ATOM) have seen strong upward moves, fueling fresh speculation that an “altseason” could be underway. Some skeptics remain cautious, however, pointing out that many of these
