Bitcoin Hits $104K; Jasmy Coin Surges 25% Overnight

Bitcoin (BTC) surged to a new all-time high of $104,000 on January 31, 2025, marking a significant milestone in its ongoing bull run. The world's largest cryptocurrency by market capitalization has been on a steady uptrend since the beginning of the year, driven by increased institutional interest and positive market sentiment.

Meanwhile, Jasmy Coin (JASMY) experienced a remarkable 25% price increase overnight, making it one of the top gainers in the cryptocurrency market. The IoT-based altcoin has been gaining traction among investors, with its impressive price action drawing attention from top crypto investors.

The JASMY price jumped by approximately 30% in 24 hours, with an intraday trading volume of $515.98 million. This significant price increase indicates a strong buying-over-selling pressure for the altcoin. Additionally, the Jasmy Coin price added 18.61% in seven days, further highlighting the altcoin's bullish momentum.

The technical sentiment for Jasmy Coin recorded a significant rise in bullish action, suggesting a higher price target. The resistance and support trendlines for JASMY are currently at $0.0377 and $0.0250, respectively. If the bullish sentiment sustains, the price of JasmyCoin could reach a maximum trading value of $0.115 this year.

However, it is essential to consider the potential risks and challenges that the cryptocurrency market faces. The increased price volatility in the crypto space may present opportunities for investors but also carries risks. As such, it is crucial for investors to conduct thorough research and analysis before making any investment decisions.

In conclusion, the cryptocurrency market continues to evolve, with Bitcoin reaching new all-time highs and altcoins like Jasmy Coin experiencing significant price increases. As the market grows and matures, investors should remain vigilant and adapt to the changing landscape to maximize their potential returns.