Bitcoin (BTC) has gained over $4,000 in the closing 48 hours and seems to be poised to understand more in its most up-to-date breakout plod. As BTC adoption soars, the improvement has precipitated a Fear of Missing Out (FOMO) wave on the cryptocurrency market.
Bitcoin FOMO frenzy returns
Santiment, a market intelligence platform, infamous that 344,620 new wallets possess been added to the blockchain since the surge in tag began. This represents the choice of most up-to-date users that possess created Bitcoin addresses as effect a matter to increases, having a eye to rob pleasure in the beneficial properties.
Critically, as Bitcoin’s tag surged, traders who previously stayed far from the market for the time being are speeding in for imaginable swing trading income-taking. This pattern in overall fuels market job and might per chance pressure prices up further.
The frenzy to like a cut of Bitcoin is understandable on condition that the digital asset has now now not most standard to this stage since January.
Remarkably, Bitcoin has now now not flipped the $100,000 psychological stage since February 2025, main some market individuals to judge the BTC tag will dart down.
On the other hand, primarily the most up-to-date pattern has panicked many. As Santiment noticed, “Crypto’s high market cap asset has silenced bears, reaching a excessive of $103.8K for the first time since January.”
📈 Bitcoin’s network noticed 344,620 new wallets be created on its network as FOMO poured in. Crypto’s high market cap asset has silenced bears, reaching a excessive of $103.8K for the first time since January. 👀 pic.twitter.com/hai245lQJz
— Santiment (@santimentfeed) Could most doubtless perchance 9, 2025
Bitcoin efficiency has defied all bearish predictions and invalidated non eternal negative outlooks on the asset.
Market job surges as confidence returns
As of press time, the Bitcoin tag used to be exchanging fingers at $103,361.05, representing a 3.54% prolong in the closing 24 hours.
Meanwhile, the FOMO has helped push trading quantity up by a predominant 34.15% to $72.99 billion, suggesting renewed confidence on the Bitcoin market.
The upsurge of Bitcoin tag would per chance also trigger promoting stress. Critically, if traders who purchased the asset in January earlier to it crashed settle to dump to diminish loss, this is able to also possess an impact on its upward circulate.
On the other hand, Changpeng Zhao, the extinct CEO of Binance, has told holders now to now not horror promote, because the coin has prospects.
For his allotment, Billy Markus, the Dogecoin founder, remains unimpressed by BTC flipping $100,000. In a most up-to-date comment reported by U.On the fresh time, a tag spike that would region yet every other all-time excessive would per chance meet his approval.
