Bitcoin crossed $88,000 for the first time, and the market is now openly pricing in a run at $100,000.
The move landed Monday and finally broke the ceiling that had capped the coin for years. Momentum, not fundamentals, is doing the heavy lifting: fear of missing out is dragging sidelined buyers back in, and that kind of demand tends to accelerate once a record print hits the tape.
Crypto sentiment is running hot, with the fear and greed gauge pushing deeper into greed. That backdrop leaves room for the rally to extend, but it also raises the odds of a violent flush if buyers thin out.
The broader fuel is political. Donald Trump's return to the White House has handed crypto its most favorable policy outlook in years, and the industry is betting on lighter regulation and friendlier rules for digital assets.
The $100,000 mark is the next major milestone. Clearing it would cement this as the strongest cycle in Bitcoin's history; falling short invites a correction that hits the most leveraged bets first.
Global interest is the real story here. Bitcoin now behaves less like a niche asset and more like a macro trade, moving with liquidity, elections and risk appetite in the same way as major equity indexes.