Bitcoin prices are taking a breather after surpassing $100,000.
According to global virtual asset market tracking site CoinMarketCap, as of 7:30 a.m. on the 15th, Bitcoin was trading at $103,460. This is an increase of 0.73% from 24 hours earlier and 6.44% from a week ago.
The price of Bitcoin rose to around $105,000 due to easing U.S.-China trade tensions. However, it fell back as concerns over tariff burdens remain and as U.S. government bond yields rise.
Altcoins are also consolidating after a sharp rise. Around the same time, Ethereum, the leading altcoin, was trading at $2,594, an increase of 42.78% from a week ago. Other coins like Solana, XRP, and Dogecoin also recorded double-digit percentage gains.
With both Bitcoin and altcoins showing upward trends, the total market capitalization of virtual assets recorded a $60 billion increase, reaching $3.46 trillion.