Bitcoin (BTC) Tops $107,000 Briefly, All Cryptos Market Cap Dips

Bitcoin topped the $107,000 price level in the global cryptocurrency markets before the orange coin retreated due to easy profit-taking by retail investors.

Bitcoin price briefly topped the $107,000 price level in the global cryptocurrency markets Monday evening, before the orange coin retreated due to easy profit-taking by retail investors.

The world’s largest crypto asset has now settled at $106,500 while Ethereum traded near $4,000—the market being so kind, the second largest crypto asset could cross $4000, according to analysts.

Due to the price fluctuation, the global crypto market cap settled at $3.73 trillion on Tuesday, a 0.30% decrease over the last day.

The total crypto market volume over the last 24 hours reached $191.55 billion, according to data from CoinMarketCap.com, which makes a 12.70% decrease.

Also, the total volume in DeFi printed at $12.59 billion, accounting for 6.57% of the total crypto market 24-hour volume. The volume of all stable coins is now $175.63 billion at the press time, which is 91.69% of the total crypto market 24-hour volume.

Bitcoin (BTC-USD) rose to a record topping $107,000, while other major cryptocurrencies advanced. The CoinDesk Market Index, which tracks 126 digital assets, still dropped 1.8% in the past 24 hours.

The Nasdaq 100 rose 1.2% and the S&P 500 climbed 0.4%, while the Dow Jones Industrial Average eased 0.2%.

Bitcoin earlier reached an all-time high of $107,780, according to CoinMarketCap data. The most popular digital currency was up 2.9% to $106,064 in late trading. Bitcoin’s 24-hour trading volume more than doubled to $96 billion.

Ethereum (ETH-USD), the second-largest digital asset by market value, jumped 4% to $4,048. XRP (XRP-USD) climbed 2.7% and BNB (BNB-USD) gained 1.1%. Solana (SOL-USD) fell 1.9%, while Dogecoin (DOGE-USD) edged up 0.2% and Cardano (ADA-USD) added 1.2%.

The US 10-year Treasury yield closed at 4.395%, little changed from the previous day’s close of 4.397%, while the five-year yield rose to 4.252% from 4.246%.