Bitcoin Reclaims $100K, XRP Leads Altcoin Surge: Market Watch

Cryptocurrency markets experienced a surge on Thursday, with Bitcoin (BTC) reclaiming the $100,000 level and XRP (XRP) leading a broader rally among altcoins.

The surge comes after a period of relative calm in crypto markets, with Bitcoin trading within a narrow range for several weeks.

However, the بازار رمزارزها have shown signs of life this week, with Bitcoin breaking out of its holding pattern and上涨 sharply.

Among the top performers on Thursday were XRP, which surged by more than 15%, and Dogecoin (DOGE), which rose by 7%.

Other notable gainers included Chainlink (LINK), up 5%, and Litecoin (LTC), which gained 4%.

The surge in crypto markets comes amid a broader rally in risk assets, with the S&P 500 and Nasdaq Composite both hitting record highs on Thursday.

The rally in risk assets is being driven by optimism over the economic recovery and the Federal Reserve’s pledge to keep interest rates low.

As Bitcoin experiences heightened volatility, crypto trader Jelle noted that the price action is unfolding as expected.

He emphasized that the key support area is now $100,000, and a break above this level could propel prices significantly higher.

Still going as planned.

Looks like the key area is now support – break $100,000 and this goes a lot higher IMO.

Looking good! #Bitcoin pic.twitter.com/XZgPeyn14k

More Crypto Online highlighted that Bitcoin’s recent upward move has a first target zone of $104,185–$106,415, with $113,166–$118,550 as the next zone if these targets are hit.

Crypto trader Pentoshi expects another reversal on lower timeframes that could translate into higher timeframe movements.

He pointed out that the key indicator to monitor is “each consolidation becoming shorter than the previous one as price accelerates.”

Trader Javon Marks observed that Bitcoin’s 48-hour chart confirmed a hidden bullish divergence.

He noted that a similar setup during election time previously resulted in a 40–50% price spike.