Bitcoin surged past the $110,000 mark over the past 12 hours, signaling renewed momentum in the cryptocurrency market and marking one of its strongest intraday performances this month. The flagship digital asset rose roughly 2% in the latest session, trading as high as $110,509 before stabilizing near $110,140 by early afternoon.
The rebound comes amid broader strength across the crypto landscape, with major altcoins also logging notable gains. Ethereum advanced to about $3,886, up around 1.6% over the same period, while Binance Coin (BNB) jumped nearly 5% to roughly $1,126. Solana (SOL) also climbed more than 4% to about $191, and XRP edged higher to $2.40.
Analysts point to a combination of factors fueling Bitcoin's resurgence, including renewed institutional inflows, easing macroeconomic fears, and growing optimism around the next phase of spot crypto ETFs. "Breaking $110,000 is a strong technical signal," said one market strategist. "It reinforces Bitcoin's role as a leading indicator for broader digital asset sentiment."
The recent rally comes after a week of choppy trading, during which Bitcoin briefly dipped below $107,000 before reversing course. Traders say the move above $110,000 could attract additional momentum buyers if the price holds through the next trading cycle.
Altcoin strength further underscored the improving sentiment. BNB's nearly 5% rise outpaced the broader market, while Solana's continued upward momentum suggests sustained investor confidence in blockchain projects beyond Bitcoin and Ethereum.
While the broader crypto market remains volatile, the latest upswing positions Bitcoin for a potential retest of its mid-year highs. Market watchers will now be looking for confirmation in trading volumes and whether institutional participation continues to accelerate into the weekend.
