Bitcoin recently crossed the $100,000 mark for the first time and has skyrocketed nearly 140% this year. This wave has created excitement, especially with expectations that newly elected President Donald Trump will support cryptocurrencies. Trump has expressed his goal of making America the “crypto capital of the planet” and has even proposed building a national stockpile of Bitcoin.
But in addition to this milestone, the altcoin market is also showing movement, with Ethereum breaking its retracement levels and XRP surging past its 2021 high to $2.90. While Bitcoin’s rise is making headlines, the question of “what’s next” is also haunting investors. At the time of writing, Bitcoin has returned to the $97,000 level and is down more than five percent.
This moment is eerily similar to the crypto boom of 2017, when Bitcoin broke $10,000 and the media machine kicked into high gear. That’s when the altcoin market really took off, creating huge profits. Now that Bitcoin has reached $100,000, we may be witnessing the beginning of a similar wave of altcoins, where volatility and quick profits will reign supreme. However, the question remains: is Bitcoin’s rise a sign of continued growth, or is it entering a consolidation phase?
Himanshu Maradiya, Chairman and Founder of CIFDAQ, told Coinpedia: “Bitcoin’s jump past the $100,000 mark isn’t just a financial milestone – it’s a historic moment that reinforces the growing influence of decentralized assets in the mainstream. For investors, the spotlight now shifts to long-term planning: monitoring market cycles, diversifying portfolios and staying abreast of regulatory shifts.”
He added: “While this breakthrough fuels optimism, it is important to proceed with caution; volatility remains part of the game. Seasoned investors see this as an opportunity to reassess risk strategies, while newcomers are urged to learn the ropes before diving in. The road ahead will require both patience and conviction.”
