Bitcoin's price remained below $100,000 for nearly three weeks, but the asset shot into six-digit territory yesterday and tapped a yearly peak of over $102,500. It had fallen from $94,000 to a monthly low of $91,300. However, it recovered a lot of ground in the following days, especially since the start of the new year. Bitcoin briefly touched $100,000 on a couple of occasions since January 4 but ultimately failed and was pushed south by a few thousand dollars.
However, that changed yesterday as the bulls took complete control of the market and initiated an impressive leg-up that resulted in BTC hitting $102,700 (on Bitstamp) amid the massive BTC ETF inflows. It failed to maintain its run and has retraced by about $1,000 since then. Nevertheless, bitcoin is more than 2.5% up on the day, and its market cap has soared to over $2 trillion once again. Its dominance over the alts has also increased to 53.8% on CoinGecko. Most alternative coins have charted gains over the past day. XRP, DOGE, and TRX have added similar percentages as BTC and now trade close to $2.45, $0.395, and $0.27, respectively. The cumulative market capitalization of all crypto assets has added approximately $100 billion in a day. The metric is up to $3.750 trillion after bottoming beneath $3.4 trillion last week
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