Back to Bitcoin, other altcoins rise as it surpasses $100,000 trading price

Bitcoin has been underperforming in recent weeks while some altcoins and select meme coins have soared, but on Monday night the world's largest cryptocurrency by market cap traded above $100,000. Back to the price.

Major Cryptocurrency Prices Today: BTC Surges Past $100K Again as Altcoins Turn Green彙整報導 San Diego-based thermal management tech firm KULR Technology announced Sunday that it snapped up $21 million more in BTC.

As the dust settles from a wild Christmas Eve, Bitcoin prices continued their return to greener pastures on Monday night, with the world's largest cryptocurrency by market cap trading at prices above $100,000 again.

Relative to the day prior, BTC prices were up by around 4.1% at the time of writing, with prices at an average of $102,400. The digital coin is also up over 10% in the last seven days amid continuing corporate interest in the asset.

KULR Tech Snaps Up $21 Million More in BTC

The latest company to announce a recent Bitcoin buy was San Diego-based KULR Technology, which develops and commercializes thermal management tech for electronics, batteries, and other components applications.

The company said Sunday that it snapped up $21 million more worth of BTC, bringing its total treasury to 430.61 BTC. “This move reinforces our strategy to allocate up to 90% of surplus cash reserves in Bitcoin,” it said.

Earlier in the day, corporate Bitcoin treasury legend MicroStrategy announced it bought 1,070 more BTC for $101 million, bringing the tech firm's total holdings to 447,470 BTC.

Outside the Bitcoin exchange-traded fund (ETF) circle, MicroStrategy is the world's largest corporate holder of the digital currency. It was also the first known company to ever adopt such a treasury strategy.

No other company has gotten close to MicroStrategy's "hodlings" so far, as per data compiled by well-followed crypto analyst HODL15Capital.

Other top corporate holders that are not crypto-centric firms but are investing in Bitcoin include medical research and development firm Semler Scientific (2,084), South Korean game developer and publisher Nexon (1,717), and Japanese budget hotel operator turned Web3 developer Metaplanet (1,761).

Bitcoin Kicks Off Race to Greener Pastures

The recent Bitcoin buys from MicroStrategy and KULR Technology appear to have affected BTC prices, and in turn, other altcoins were also pulled into the green.

The broader crypto market had been on a volatile ride after Christmas Eve, but as Bitcoin climbed Monday, major altcoins also joined the race back to the green line, including Ethereum (ETH), which saw a 1.5% uptick late Monday.

XRP climbed 0.7%, Binance Coin (BNB) increased over 3%, Solana (SOL) went up by 2.7%, top memecoin Dogecoin (DOGE) rallied 2%, and Cardano (ADA) added 1.2%.

The broader market rally also came at a great time, as crypto bettors on Polymarket were starting to lose hope that U.S. President-elect Donald Trump will be able to establish a national Bitcoin strategic reserve within his first 100 days at the White House.

Bitcoin has had volatile days, but as the world gears up for Trump's second presidency, hopes are high that the innovation will thrive around the digital currency and the broader crypto industry.