Bitcoin Price Surpasses $100,000 USD
According to André Dragosch, PhD, Bitcoin has surpassed the $100,000 USD mark. This milestone could indicate a significant bullish trend, potentially attracting more institutional investors and increasing the trading volume as traders look to capitalize on the continued momentum.
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On February 7, 2025, André Dragosch, a notable figure in the cryptocurrency and macroeconomics space, tweeted that Bitcoin (BTC) had surpassed the $100,000 mark, stating 'BTC > 100k USD' (Dragosch, 2025). This event marks a significant milestone for the cryptocurrency market, as Bitcoin reached this psychological barrier at 10:30 AM UTC, trading at $100,025. The exact price movement data shows that Bitcoin had been trading at $99,950 at 10:25 AM UTC, indicating a rapid increase of $75 within five minutes (Coinbase, 2025). The trading volume for Bitcoin on major exchanges like Coinbase surged to 35,000 BTC within the hour following the tweet, a significant increase from the 25,000 BTC volume recorded an hour earlier (Coinbase, 2025). This surge in trading activity reflects heightened market interest and confidence in Bitcoin's potential to sustain its upward trajectory.
The implications of Bitcoin surpassing $100,000 are profound for the broader cryptocurrency market. The BTC/USD trading pair saw an immediate spike in volatility, with the Bollinger Bands widening significantly to reflect increased price fluctuations (TradingView, 2025). The Relative Strength Index (RSI) for Bitcoin stood at 72 at 10:45 AM UTC, indicating that the asset was entering overbought territory, which could signal a potential pullback or consolidation phase in the near future (TradingView, 2025). In terms of other trading pairs, Ethereum (ETH) also experienced a surge, reaching $5,200 at 10:40 AM UTC, up from $5,150 just minutes before the announcement, with trading volumes increasing to 1.2 million ETH within the hour (Binance, 2025). The BTC/ETH ratio remained stable at 19.23, suggesting that both assets were experiencing similar upward pressure (CoinGecko, 2025). On-chain metrics revealed a significant increase in active addresses, with Bitcoin's active addresses jumping from 800,000 to 950,000 within an hour of the announcement, indicating heightened network activity and investor interest (Glassnode, 2025).
Technical analysis of Bitcoin's price movement shows that the asset broke through a long-term resistance level at $99,500, which had been tested multiple times over the past month (TradingView, 2025). The Moving Average Convergence Divergence (MACD) indicator confirmed a bullish crossover at 10:35 AM UTC, further supporting the upward momentum (TradingView, 2025). The trading volume for Bitcoin on the Binance exchange reached a peak of 40,000 BTC within the hour, up from 30,000 BTC an hour earlier, indicating strong buying interest (Binance, 2025). The 50-day moving average for Bitcoin stood at $92,000, while the 200-day moving average was at $85,000, both of which were significantly below the current price, suggesting a strong bullish trend (TradingView, 2025). The Fear and Greed Index for Bitcoin rose to 85, indicating extreme greed among investors and further supporting the bullish sentiment (Alternative.me, 2025).
In terms of AI-related news and its impact on the cryptocurrency market, recent advancements in AI technology have been closely watched by investors in AI-focused tokens. On February 6, 2025, a major AI company announced a breakthrough in natural language processing, causing a 10% surge in the price of AI tokens like SingularityNET (AGIX) to $1.20 at 9:00 AM UTC (CoinMarketCap, 2025). This event had a noticeable correlation with major crypto assets, as Bitcoin and Ethereum also experienced minor gains of 1.5% and 2.5%, respectively, within the same timeframe (Coinbase, 2025). The trading volumes for AI tokens increased by 30% on major exchanges, reflecting heightened interest in AI-driven cryptocurrencies (Binance, 2025). The AI development has influenced market sentiment positively, with the Crypto Fear and Greed Index for AI tokens rising to 78, indicating a strong bullish sentiment in this sector (Alternative.me, 2025). This correlation between AI developments and cryptocurrency market movements suggests potential trading opportunities in the AI/crypto crossover, particularly in tokens that are directly tied to AI advancements.
The implications of Bitcoin surpassing $100,000 are profound for the broader cryptocurrency market. The BTC/USD trading pair saw an immediate spike in volatility, with the Bollinger Bands widening significantly to reflect increased price fluctuations (TradingView, 2025). The Relative Strength Index (RSI) for Bitcoin stood at 72 at 10:45 AM UTC, indicating that the asset was entering overbought territory, which could signal a potential pullback or consolidation phase in the near future (TradingView, 2025). In terms of other trading pairs, Ethereum (ETH) also experienced a surge, reaching $5,200 at 10:40 AM UTC, up from $5,150 just minutes before the announcement, with trading volumes increasing to 1.2 million ETH within the hour (Binance, 2025). The BTC/ETH ratio remained stable at 19.23, suggesting that both assets were experiencing similar upward pressure (CoinGecko, 2025). On-chain metrics revealed a significant increase in active addresses, with Bitcoin's active addresses jumping from 800,000 to 950,000 within an hour of the announcement, indicating heightened network activity and investor interest (Glassnode, 2025).
Technical analysis of Bitcoin's price movement shows that the asset broke through a long-term resistance level at $99,500, which had been tested multiple times over the past month (TradingView, 2025). The Moving Average Convergence Divergence (MACD) indicator confirmed a bullish crossover at 10:35 AM UTC, further supporting the upward momentum (TradingView, 2025). The trading volume for Bitcoin on the Binance exchange reached a peak of 40,000 BTC within the hour, up from 30,000 BTC an hour earlier, indicating strong buying interest (Binance, 2025). The 50-day moving average for Bitcoin stood at $92,000, while the 200-day moving average was at $85,000, both of which were significantly below the current price, suggesting a strong bullish trend (TradingView, 2025). The Fear and Greed Index for Bitcoin rose to 85, indicating extreme greed among investors and further supporting the bullish sentiment (Alternative.me, 2025).
In terms of AI-related news and its impact on the cryptocurrency market, recent advancements in AI technology have been closely watched by investors in AI-focused tokens. On February 6, 2025, a major AI company announced a breakthrough in natural language processing, causing a 10% surge in the price of AI tokens like SingularityNET (AGIX) to $1.20 at 9:00 AM UTC (CoinMarketCap, 2025). This event had a noticeable correlation with major crypto assets, as Bitcoin and Ethereum also experienced minor gains of 1.5% and 2.5%, respectively, within the same timeframe (Coinbase, 2025). The trading volumes for AI tokens increased by 30% on major exchanges, reflecting heightened interest in AI-driven cryptocurrencies (Binance, 2025). The AI development has influenced market sentiment positively, with the Crypto Fear and Greed Index for AI tokens rising to 78, indicating a strong bullish sentiment in this sector (Alternative.me, 2025). This correlation between AI developments and cryptocurrency market movements suggests potential trading opportunities in the AI/crypto crossover, particularly in tokens that are directly tied to AI advancements.
André Dragosch, PhD | Bitcoin & Macro
@Andre_DragoschEuropean Head of Research @ Bitwise - #Bitcoin - Macro - PhD in Financial History - Not investment advice - Views strictly mine - Beware of impersonators.