Bitcoin News Today: Bitcoin Nears 100-Day Streak Above $100,000 as Institutional Adoption Grows

Bitcoin is nearing a historic milestone, with the cryptocurrency having spent 95 consecutive days above the $100,000 level as of August 16, 2025, bringing it within reach of 100 days above this psychological threshold [1]. This sustained price movement reflects growing institutional and retail confidence in the asset class, with analysts noting that such a streak represents a significant shift in market sentiment and a validation of Bitcoin’s role as a strategic reserve asset [5].

The milestone also underscores Bitcoin’s ability to maintain price resilience amid macroeconomic uncertainty. On August 13, 2025, Bitcoin reached a record high of $124,457.12 [1], reinforcing its position as a leading digital asset. Technical analysts have highlighted the importance of holding above the $100,000 level, with Read Harvey of Wolfe Research noting that any successful breakout through a major resistance level is a bullish indicator [2].

The sustained price action has also drawn regulatory and institutional attention. Several U.S. states, including New Hampshire and Texas, have formally recognized Bitcoin as a strategic asset, a legislative move that is expected to further drive institutional adoption [5]. BlackRock’s cryptocurrency portfolio, which includes Bitcoin and Ethereum, recently surpassed $100 billion in value, signaling broader financial market integration [6].

Retail traders and investors have also embraced the optimism. While some anticipate a potential move toward $150,000 [1], others remain cautious due to short-term volatility. On-chain data suggests that the market is absorbing selling pressure, with the STH SOPR-7d indicator showing strong demand [4]. Additionally, Bitcoin’s recent break above its downtrend line from March 2024 has been interpreted as a key technical signal by traders on platforms like TradingView [7].

Notably, this is the first time in Bitcoin’s history that it has spent 30 consecutive days above $100,000 [8], a development that marks a turning point in how the asset is perceived. Investors are increasingly viewing Bitcoin as a legitimate store of value rather than a speculative investment. If Bitcoin can maintain its position above $100,000 and continue to push higher, it could further solidify its place in global financial markets.

Sources:

[1] Will Bitcoin Reach $150K Or Fall To $100K? (https://www.benzinga.com/crypto/cryptocurrency/25/08/47168535/exclusive-will-bitcoin-hit-150000-or-drop-to-100000-after-all-time-highs-benzinga-readers-predict-next-move)

[2] "Anytime price is able to punch through a major resistance level, whether psychological or historical, and successfully hold, it is certainly a bullish sign." - Read Harvey, Technical Analyst, Wolfe Research (https://coinmarketcap.com/community/articles/68a0c4c06579336071ac87ad/)

[4] Bitcoin STH SOPR-7d Signals Healthy Demand (https://www.newsbtc.com/bitcoin-news/bitcoin-sth-sopr-7d-signals-healthy-demand-market-absorbs-selling-pressure/)

[5] Bitcoin Nears $100K as Trump Trade Deal With UK Looms (https://cryptodnes.bg/en/tag/bitcoin/page/18/)

[6] BlackRock's Crypto Holdings Balloon As Bitcoin, Ethereum (https://www.newsbtc.com/news/blackrocks-bitcoin-ethereum/)

[7] Page 17 | BTC Futures Contract Trade Ideas (https://www.tradingview.com/symbols/DERIBIT-BTCUSD1%21/ideas/page-17/?contract=BTCUSD22Q2025&sort=recent)

[8] Bitcoin Hits $124K All-Time High Amid Volatility, Policy (https://www.reddit.com/r/lolacoin/comments/1mravwu/bitcoin_hits_124k_alltime_high_amid_volatility/)