Bitcoin reaches $100,000: how Bitcoin dominance and the ascent chart are rewriting the crypto market

The cryptocurrency market is experiencing a critical moment. Bitcoin is breaking through psychological barriers, surpassing the $95,000 mark, and now analysts see a direct path to a six-figure number. But behind this ascent lies something greater—a shift in Bitcoin’s market dominance, which is changing the entire dynamic of investment flows and reevaluation of alternative assets. Current data shows BTC trading at $78.81K as of February 1, indicating a correction after recent highs, but the long-term trend remains uncertain.

Technical Map: Chart Shows an Opportunity Window

Technical analysis paints an optimistic picture for Bitcoin enthusiasts. According to Alex Kupcevich from The FxPro, the boundary between the current level and the target zone of $100-106 thousand is limited on one side by a psychologically significant round number and on the other by the 200-day moving average. The BTC price movement chart demonstrates a clear upward trend: prices stay above the critical $95,000 level, which is the highest point since November 17 and significantly exceeds the 50-day simple moving average.

These technical signals create conditions for continued growth. The long-position chart on Bitfinex shows that the total number of bullish bets decreased to 71,368 from 72,926 a week earlier—in historical terms, this is a bullish signal, as a high number of longs has often served as an opposite indicator in the past.

Precious Metals and Risk Appetite Revival: Where Bitcoin Demand Is Growing

Bitcoin’s rise does not happen in a vacuum. Simultaneously, there is a strong increase in gold and silver prices, which typically indicate geopolitical instability and investors seeking safe havens. Silver reached a new record high, exceeding $91.50 per ounce, and gold recently touched an all-time maximum of $4,634. This creates an intriguing paradox.

According to Singapore-based firm QCP Capital, the macroeconomic situation is developing in a “golden mean”—neither too hot inflation nor too cold growth. US employment remains stable, inflation is under control. This balance has catalyzed a revival of risk appetite across all markets—from stocks and precious metals to the dollar and cryptocurrencies. QCP Capital explains: if precious metals continue to experience demand for devaluation, the relative value of Bitcoin could redirect investment flows back into digital assets, strengthening Bitcoin’s dominance in the digital asset market.

Market Flows and Trader Sentiment: What the Expectation Chart Shows

Futures market sentiment sheds light on collective market expectations. On the largest crypto options exchange Deribit, the highest activity over the past 24 hours was in call options with strike prices of $96,000, $98,000, and $100,000. These contracts represent direct bets that Bitcoin’s price will rise and reach or exceed the six-figure level.

The spot ETF chart for Bitcoin shows another positive metric: the total net inflow into spot BTC ETFs amounted to $57.26 billion, with daily net flows at $753.8 million. For Ethereum spot ETFs, the total inflow reached $12.59 billion with daily flows of $130 million. These figures confirm that institutional capital continues to flow into cryptocurrencies, reinforcing Bitcoin’s dominance as the flagship asset.

Altcoins Steal the Spotlight: Divergent Growth

While Bitcoin trades at $78.81K with a 24-hour decline of 6.34%, alternative assets show mixed dynamics. Ethereum is at $2.45K with a 9.60% drop, XRP trades at $1.66, while Cardano is at $0.29, and Solana at $105.37. Binance Coin has fallen to $784.70.

However, smaller tokens demonstrate more impressive dynamics: the CoinDesk Metaverse Select index increased by 11%, the Culture & Entertainment index jumped 8%, and the meme coin index added over 6%. This indicates that although Bitcoin’s dominance remains high (59.18%), market interest is beginning to distribute among specialized sectors and alternative assets.

Cryptocurrency Corporations and Treasury Bets

Public companies related to cryptocurrencies reacted ambiguously to market movements. Coinbase Global closed at $252.69 with a 4% gain, Riot Platforms traded at $16.75 (up 1.82%), and Galaxy Digital showed a 5.22% increase to $26.82. Bitcoin-investor companies like MicroStrategy closed at $172.99 with a substantial 6.63% rise.

These movements reflect growing corporate interest in digital assets. A recent report by CoinDesk indicates that Galaxy warned of potential risks: the proposed Senate cryptocurrency legislation could open the door to the largest expansion of financial oversight since the Patriot Act. This could potentially lead to freezing DeFi interfaces and transactions, increasing the attractiveness of privacy-preserving tokens like Monero (XMR) and Zcash (ZEC, $305.23).

Bitcoin Dominance Chart and Network Statistics

Bitcoin’s market dominance stands at 59.18%, having slightly decreased by 0.14% over the last period. The Ethereum-to-Bitcoin ratio is at 0.03506, indicating a relative strengthening of BTC. The Bitcoin hash rate (seven-day moving average) is at 1,024 EH/s, demonstrating network security stability.

The fee chart shows total transaction fees of 2.95 BTC, equivalent to $273,718. Open interest in CME futures reaches 119,165 BTC, indicating significant institutional participation. The converted Bitcoin-to-gold chart shows BTC at 22.6 ounces of gold, with Bitcoin’s market cap relative to gold at 6.36%.

Tomorrow’s Agenda: Events and Policies

On January 14, the Mantle (MNT) mainnet was updated to version 1.4.2, aimed at supporting all Fusaka upgrade features in the Ethereum network. On the macroeconomic front, the US Producer Price Index (PPI) for November is released, with a forecast of 2.7% year-over-year and 0.2% month-over-month.

An Arbitrum session with HuddlePad was held on X Space, while PancakeSwap and Stellar discussed blockchain implementation in the real world. NEAR Protocol hosted an AMA with Meta Pool, and Injective launched a community buyback program.

Global Market Context

Traditional markets showed mixed dynamics: the DJIA closed down 0.80%, the S&P 500 fell 0.19%, and the Nasdaq Composite declined 0.10%. Meanwhile, the Nikkei 225 rose 1.48%, and Hang Seng gained 0.56%. The yield on 10-year US Treasury bonds decreased by 1.9 basis points to 4.152%.

The precious metals futures chart showed growth: gold futures increased by 0.98% to $4,644.40, while silver added 4.70% to $90.39. These movements reinforce narratives of geopolitical instability and investors seeking safety.

Conclusion: Bitcoin Dominance Amid Changes

The current moment in the crypto market is characterized by a tense balance between risk appetite and safety seeking. Bitcoin’s dominance remains high, but the chart of alternative assets shows growing interest in specialized tokens. Technical analysis supports a bullish scenario, and ETF flow charts confirm institutional capital inflows. However, the correction of BTC from $94,711 to $78.81K indicates volatility and the need for caution.

The macroeconomic conditions in the “golden mean” create favorable conditions for a recovery in risk appetite, but geopolitical factors and potential regulatory tightening remain uncertainties. Investors should closely monitor both Bitcoin’s market dominance and legislative developments in digital assets, which could significantly reshape the crypto industry landscape.