Bitcoin has surpassed the $100,000 mark for the first time, driven by long-term holders who control 74% of the supply, amounting to over 14.5 million BTC. This surge has increased Bitcoin's market dominance to 57%, solidifying its status as the largest cryptocurrency and the seventh most valuable asset globally, with a market cap exceeding $2 trillion. Key developments, including the appointment of former SEC commissioner Paul Atkins as chair and remarks from Federal Reserve Chair Jerome Powell likening Bitcoin to gold, have further fueled market interest.
