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Bitcoin Breaks Above $107,000 as Bulls Regain Momentum

  • Bitcoin breaks above $107,000, nearing its yearly high amid a strong market recovery.
  • Bitcoin's market capitalization reaches $2.12 trillion, with a 24-hour trading volume of $42.93 billion, up by 20.69%.
  • Bitcoin's scarcity remains intact with 19.87 million BTC in circulation out of a capped supply of 21 million.
  • The volume-to-market cap ratio of Bitcoin stands at 2.01%, indicating increased trading activity relative to its total market size.
  • BTC recently experienced sideways movement and retests near $100K before gaining momentum and surpassing $107K.

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