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Bitcoin Reclaims $110,000 as Bullish Momentum Builds

  • Bitcoin is currently trading at $110,005.61, showing an 81.73% increase year-over-year.
  • Market metrics indicate strength with a market cap of $2.18 trillion, 24-hour volume at $56.29 billion, and a circulating supply of 19.88 million BTC.
  • The bullish momentum in Bitcoin is supported by increasing investor interest, on-chain activity, institutional involvement, and recent developments like the U.S. Senate's passage of an economic stimulus bill.
  • Bitcoin's chart structure remains bullish, with expectations of a push towards previous cycle highs and a potential broader crypto market rally in Q3.

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