The price of Bitcoin has exceeded the important level of $107,000, marking this milestone for the first time since the end of January 2025. The price increase occurred against a backdrop of rising global liquidity, positively impacting the cryptocurrency market.
This is reported by Finway
On May 19, Bitcoin was trading at $102,645, according to TradingView data at the time of writing. The significant rise in the cryptocurrency market led to the liquidation of futures contracts totaling over $652 million. The largest losses were incurred by holders of long positions, with a total of 152,456 traders reporting losses. Liquidations for Bitcoin and Ethereum traders amounted to $170.32 million and $254.3 million, respectively.
Analysis of the Cryptocurrency Market
The Fear and Greed Index in the cryptocurrency market reached 71 points, indicating a dominance of greed. Compared to the previous week, this figure increased by 7 points. At the time of writing, Bitcoin’s market dominance was 63.89%, according to TradingView data.
Bitcoin’s Prospects
Recently, Bitcoin analyst Willy Woo expressed the opinion that over the next 15-20 years, the annual growth rate of Bitcoin could reach 8%. This may indicate further stability and growing interest in the first cryptocurrency.
“In 15-20 years, the annual growth rate of the asset will be 8%” – Willy Woo