US Fed Chair Jerome Powell also dismissed the idea that people see $BITCOIN as a symbol of a lack of faith in the US dollar.

$BITCOIN reached a record price of $104,000, representing 48.44% of the global cryptocurrency market cap of approximately $3.74 trillion. Its nearest competitors, $ETHEREUM, XRP, and Tether, account for significantly smaller market shares of 11.9%, 3.9%, and 3.6% respectively. Additionally, President Donald Trump claimed credit for this historic price milestone, highlighting the political influence surrounding $BITCOIN's valuation.