Cryptocurrency experts name the reason for bitcoin’s sharp rise

Bitcoin BTC $102,333.78 Bitcoin -0.87% Market capitalization $2.03 trillion VOL. 24 hours $1.36 billion exceeded the $ 104,000 mark for the first time, with global markets rather than Asian ones driving this growth. Despite the traditionally strong influence of Korean investors on the crypto market, this time the main dynamics are determined by institutional and retail players from the United States, Europe, and other regions.

According to analysts, the rise in the price of the market flagship is occurring amid a decline in the so-called «Korean premium» — the difference in price between trading on South Korean exchanges and the global market. This situation indicates that demand for the asset is no longer concentrated within one region, as was often the case in the past, but is the result of broader market mobilization.

Financial experts point to several key factors behind this momentum. First, the number of spot bitcoin ETFs in the United States continues to grow rapidly, attracting new institutional investors. Second, uncertainty in traditional markets (especially the stock market) is forcing investors to look for alternative assets with high growth potential. And thirdly, the general trust in cryptocurrencies as a legitimate asset class is growing.

Interestingly, despite the psychologically important breakthrough of the $ 100,000 mark, analysts warn of possible short-term volatility. Previous attempts to overcome important price levels were often accompanied by corrections, and it is possible that this scenario will be repeated.

Meanwhile, market participants are waiting for further signals from regulators, as well as news about the dynamics of institutional investment. Against this backdrop, bitcoin is increasingly gaining ground not only as a speculative instrument but also as a new form of «digital gold» in the context of global financial transformation.