On-chain valuation puts the key threshold at the Trader’s Realized Price of $116,000, and a multiweek break above that could set the stage for $200,000.

Weekend pumps are considered bullish because they indicate broad interest and participation from smaller investors rather than just institutional players.

Majors cryptocurrencies are surging as a bullish backdrop gives traders reason to set a $100,000 price target for BTC in the near term.

Solana’s SOL led gains in leading digital assets in the past 24 hours as risk-on sentiment pushed the market higher. PLUS: The impending U.S. election contributes to increased volatility, with some expecting more gains for bitcoin in the days ahead.

The electric carmaker moved its stash of BTC to new wallets earlier this week, sparking speculation on why it may have done so.