What’s Behind the $102K Breakout and Altcoin Bullish Trends?

Here’s When Bitcoin Price Will Hit $117,000

Furthermore, Bitcoin price broke out of a crucial resistance level of around $99.3k and rallied beyond $100k for the first time in 2025. With the upcoming inauguration of US President-elect Donald Trump

who has heavily emphasized the adoption of Bitcoin and digital assets, the entire crypto industry has signaled bullish sentiment in the near term.

Rising Stablecoins Supply on CEXes

According to on-chain data analysis from Coinglass, the overall supply of top-tier stablecoins – led by Tether USDT, Circle’s USDC, and FDUSD – has gradually increased in the recent past. For instance, the supply of USDC on CEXes has increased by nearly $1 billion from December 26, 2024, to $4.48 billion at the time of this writing.

Since November 5, 2024, the supply of USDT-Ether has surged from $21 billion to over $38 billion at the time of this writing.

In the past 24 hours, on-chain intelligence platform Sentiment shows that FDUSD deposits to Binance exchange surged by over $50 million, possibly whales seeking to buy the recent crypto dip.

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Altseason Ahead

The rising supply of stablecoins on centralized exchanges is perceived as an increasing purchasing power, especially from whale traders. Already, Bitcoin dominance has been forming a macro reversal pattern, after being trapped in a rising channel in the past two years.

Meanwhile, the TOTAL2 and TOTAL3 market caps have been forming a rising trend after registering palpable gains following the overwhelming victory of pro-crypto leaders in the United States.

Some of the top-tier altcoins – led by Chainlink (LINK), XRP, Ethereum (ETH), Binance Coin (BNB), and Dogecoin (DOGE) – have already formed a macro bullish trend in preparation for a parabolic rally in the near term.

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FAQs

Why is Bitcoin going up today?

Bitcoin’s recent rise is driven by the breakout above $100K and growing bullish sentiment due to US policies supporting digital assets.

How much will $1 Bitcoin be worth in 2030?

In 2030, the price of 1 Bitcoin could reach a height of $610,646.

What will Bitcoin be in 10 years?

Projecting a 10-year growth in a volatile asset like Bitcoin seems a far-stretched notion. The BTC price is expected to cross $600,000 by 2030. With global adoption, Bitcoin could be worth 1 million dollars.



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