ChainTech Africa

May 18, 2025 — Bitcoin (BTC) has officially broken through the $105,000 mark, reaching a new short-term high of $105,212.07 USDT on Binance, according to the exchange’s latest market data. The milestone underscores continued bullish momentum in the cryptocurrency market, with Bitcoin posting a 2.10% gain over the past 24 hours, despite recent volatility.

The price movement reflects a narrowing rally, as Bitcoin consolidates near its new local peak following a strong performance throughout the second quarter of 2025. Market analysts point to a combination of macroeconomic optimism, renewed institutional interest, and growing retail participation as drivers behind the current uptick.

While the percentage increase remains modest compared to previous explosive rallies, the break above $105,000 is viewed as a psychological and technical milestone, setting the stage for a potential run toward previous all-time highs.

Trading volumes have remained consistent, and sentiment across major exchanges remains cautiously optimistic. If Bitcoin can hold above the $105K threshold in the coming hours, it may confirm bullish continuation patterns that many traders are closely watching.

As always, market participants are advised to monitor volatility and manage risk accordingly, with attention now shifting to macro developments and any major moves by institutional holders.