Bitcoin (BTC) hits $106,039 with a 0.52% daily g

Bitcoin (BTC) hits $106,039 with a 0.52% daily gain and a $2.1T market cap.

Key support stands at $103,800; resistance is seen at $108,000.

Bitcoin reclaimed the $106,000 mark today, touching an intraday high of $106,039. At press time, BTC trades at $106,144.42, showing a mild 0.52% gain over the last 24 hours. Despite this uptick, the 24-hour trading volume declined by 5.65% to $37.13 billion. 

Meanwhile, Bitcoin’s market capitalisation rose slightly to $2.1 trillion, while its fully diluted valuation (FDV) hit $2.22 trillion. The market cap ratio now stands at 1.75%, suggesting limited momentum despite price stability.

Currently, Bitcoin’s circulating supply is 19.87 million BTC, close to the fixed cap of 21 million. The supply constraint continues to underpin long-term bullish sentiment. However, today’s narrow trading range hints at consolidation rather than a breakout.