London — The cryptocurrency market is buzzing once again as Bitcoin has finally shattered the long-anticipated $100,000 milestone, sparking a renewed wave of enthusiasm among traders and investors. The breakthrough has helped catapult the total market capitalisation of cryptocurrencies to $3.14 trillion — a sharp 5% surge in just 24 hours.

For many, the $100K level is more than a symbolic achievement. It marks a potential return to bullish territory, bringing optimism back into a market that had spent months consolidating. Analysts suggest this could be the early phase of a new bullish cycle, with Bitcoin reclaiming its dominance and reigniting investor confidence.

Ethereum Steadies Above $2,000

While Bitcoin has stolen the spotlight, Ethereum is quietly regaining strength. The second-largest cryptocurrency has reclaimed the crucial $2,000 mark, following a period of uncertainty where it struggled to maintain key support levels.

Though Ethereum’s rally is more restrained compared to Bitcoin’s explosive move, the steady climb hints at growing investor optimism. If momentum in the broader market continues, Ethereum may gain further ground in the coming weeks, supported by increasing activity in its decentralised finance and NFT ecosystems.

Solana Surges Past $160 Amid Institutional Interest

Solana has emerged as one of the standout performers in this rally, soaring over 10% in a single day to cross the $160 mark. The surge has been accompanied by a dramatic increase in trading volume, which has jumped by more than 105% to surpass $6.5 billion.

Solana’s current market capitalisation stands at $83 billion, and the rising volume suggests growing interest from institutional players, not just retail investors. The spike in activity and price indicates solid confidence in the network’s potential and scalability, with many viewing SOL as a strong contender in the altcoin space.

HBAR Joins the Uptrend

Hedera’s native token, HBAR, has also seen a notable upswing, gaining over 10% in the past 24 hours to trade around $0.19. Trading volume for HBAR has risen significantly — up 47% to $212.29 million — as the token’s market cap climbs to $8.18 billion.

The renewed interest in HBAR likely reflects growing belief in Hedera’s enterprise-focused blockchain solutions. With enhanced visibility and technical developments in progress, the token could be positioning itself for a larger role in the ongoing crypto resurgence.

Market Sentiment Turns Bullish

Across the board, sentiment in the crypto space has shifted. Bitcoin’s breakout appears to have set the tone for a broad-based rally, with altcoins quickly following suit. Social media chatter, technical indicators, and trading volumes all point towards increasing confidence.

While it may be premature to declare the arrival of a full-fledged bull market, the recent price action has certainly changed the mood. If current momentum continues, the coming weeks could mark the beginning of a transformative phase for the crypto industry.

For now, Bitcoin’s historic break above $100,000 has reminded investors of the asset class’s enduring potential — and it’s clear that the rest of the market is taking note.