Crypto Market Outlook: Bitcoin's Prolonged Stability Above $100,000 Establishes a New Psychological Benchmark

By Omkar Godbole (All times ET unless indicated otherwise) A significant development in the financial landscape is not only the global bond market volatility but also the consistent stability of bitcoin's price above $100,000. For 11 consecutive days, BTC has maintained its position above this level after a sharp increase from approximately $75,000 in early April. While some may view this as a sign of an exhausted uptrend, it could also signify the market's normalization of the six-figure price point. Consider this perspective: When BTC initially reached $100,000, many individuals likely thought, "This is excessive. It's too costly" and possibly refrained from purchasing or even sold their holdings. However, the longer it remains at this level, the more the price becomes perceived as normal and anchors itself in people's minds. In other words, an increase in buying activity across various BTC-related products should not be surprising. Confidence received a boost on Monday after Strategy, the largest publicly traded BTC holding firm, revealed that it had recently acquired 7,630 BTC at an average price exceeding $103,000. "This aggressive buying campaign aims to solidify the $100K+ level as the new floor for Bitcoin. ETF inflows mirrored this strength," Valentin Fournier, lead research analyst at BRN, stated in an email to CoinDesk. According to Fournier, the price increase in ether "appears to be driven more by organic demand than institutional flows — a potential indicator of rising retail activity and diverging performance between bitcoin and altcoins." In other notable developments, the market capitalization of Ethena Labs' synthetic stablecoin, USDe, has surged 35% to $5 billion in just over seven days, as shown by CoinDesk data. The token maintains a soft peg with the U.S. dollar through an automated delta-hedging strategy that shorts bitcoin and ether perpetual futures to offset price fluctuations. This surge drew comparisons to the sharp increase in market capitalization weeks before BTC and the broader market experienced significant growth in November. At that time, Ethena's ENA token experienced a five-fold rally to $1.25. It remains to be seen if history will repeat itself. On Monday, the U.S. Senate voted in favor of the GENUIS Act, advancing the stablecoin bill to its final stage. "The bill ... could significantly enhance market confidence and provide long-awaited clarity for issuers and investors alike, but it does not fully address offshore stablecoin issuers like Tether, which continue to play a substantial role in global liquidity," Vugar Usi Zade, COO at Bitget, said in an email. "For U.S.-based issuers, compliance will now come with higher costs, likely accelerating market consolidation and favoring well-resourced players who can meet the new thresholds." In traditional markets, yields on longer-duration bonds continued to rise across the advanced world, signaling growing concerns about fiscal debt sustainability. The 30-year Japanese government bond yield reached a record high above 3%. Remain vigilant! Key Events to Watch Token Events Conferences Token Talk By Shaurya Malwa Derivatives Positioning Market Movements Bitcoin Statistics Technical Analysis Crypto Equities ETF Flows Spot BTC ETFs: Spot ETH ETFs Source: Farside Investors Overnight Flows Chart of the Day While You Were Sleeping In the Ether