B4Bit
07/14 16:07
Bitcoin Hits $123,000 as Analysts Project Extended
Bitcoin Hits $123,000 as Analysts Project Extended Dominance Into Late 2025
- Bitcoin climbs to $123K, confirming dominance cycle projections remain intact.
- Analysts expect Bitcoin to sustain strength through the October 2025 cycle peak.
- Institutional and sovereign demand strengthen Bitcoin’s role in the current market.
Bitcoin has reached a new milestone at $123,000, reinforcing its position as the leading asset in the cryptocurrency market. According to analyst Benjamin Cowen, this price move supports BTC-heavy portfolio strategies and reflects growing trust in Bitcoin as a unit of account over the US dollar.
Current market data shows Bitcoin holding a 63.9 percent market share, with a 0.13 percent daily increase. Ethereum shows 9.6 percent or 0.23 percent positive movement, and the rest of the crypto has 26.5 percent and a decreasing movement of 0.36 percent.
These trends indicate that investors have once again shown interest in Bitcoin, even though there was much activity in altcoins.
The highest dominance of Bitcoin was recorded to be a whopping 65.1 percent on June 27, 2025, as investors shifted their capital towards Bitcoin as the overall market develops.
Ethereum was next with 8.9 percent, and the remaining 26.0 percent were the other digital assets. This trend is repeating itself as we have seen similar patterns of Bitcoin gathering dominance after the altcoins-led periods.
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