- Bitcoin rallies past the $100,000 level on Thursday.
- BTC price rally comes in response to US President Trump’s announcement of a US-UK trade deal.
- Crypto market capitalization crossed $3.21 trillion, meme coins and nearly all tokens in top 100 are rallying.
Bitcoin price crossed $100,000 on Thursday and hovers around $100,742 at the time of writing. The largest cryptocurrency ignited a rally in meme coins, AI tokens and altcoins in the top 100 cryptos by market capitalization.
Bearish traders on Bitcoin paid a heavy price for their bets with over $118 million in shorts liquidated in the last 24 hours, according to Coinglass data. Open interest in Bitcoin climbed by 7% in the past day, crossing $70 billion.
The top three market movers driving Bitcoin price gain are the US-UK trade deal, positive sentiment among traders and Bitcoin’s rising correlation with Gold.
Bitcoin climbs to $100,740
Bitcoin shattered the $100,000 barrier on Thursday, climbing to a high of $100,888. The milestone was considered a sticky resistance for BTC. On the 15-minute price chart, the two key momentum indicators, Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are bullish at the time of writing.
RSI reads 72 and is sloping upwards, while MACD flashes green histogram bars above the neutral line, signaling an underlying bullish momentum in Bitcoin price trend.
BTC/USDT 15-minute price chart
This is a developing story, watch this space for more.
