Bitcoin has traded above $100,000 for more than 40 consecutive days since May 7, a major milestone for the top cryptocurrency, which has also surpassed 6,000 consecutive days of uptime this month.
BTC unaffected by global events
On June 19, Bitcoin recorded more than 40 consecutive days of trading above $100,000, despite uncertainty and heightened geopolitical tensions in the Middle East. According to Coingecko data, May 8 was the last trading day for BTC below $100,000, meaning that as of June 19, it had been above this level for 42 days.
Meanwhile, Blockchair data shows that BTC has been above $100,000 for 43 days, forming a new resistance level, which some technical analysts believe. During this period, BTC hit a new all-time high on May 23, surpassing the milestone previously reached on January 20. As of this writing, the top cryptocurrency is trading just above $104,000, which is familiar territory for BTC in June.
Prior to BTC’s return to six figures in U.S. dollar terms in early May, BTC spent more than 60 days trading below $100,000 amid global market turmoil caused by the trade war sparked by U.S. President Donald Trump’s “reciprocal tariffs.” At the time, BTC’s significant correlation with traditional assets and markets seemed to weaken its claim as a safe haven asset.
However, since dropping below $75,000 on April 7, BTC has trended upward, rising by about 50% to near $112,000 about 45 days later. Since then, BTC has fluctuated between $110,000 and $100,000, with major global events, including Israel’s launch of its attack on Iranian nuclear facilities, seemingly failing to push it below $100,000, according to Coingecko data.
Not only has the flagship cryptocurrency remained above $100,000 for more than 40 consecutive days, it also celebrated a significant operational achievement in June: more than 6,000 days of continuous uptime.
According to Bitbo, the Bitcoin network has been operating uninterruptedly since its inception at 02:54:25 GMT on January 3, 2009. Aside from two isolated incidents in its early history (one in 2010 and one in 2013), this uptime record has remained unimpaired, highlighting the network’s unparalleled resilience and robustness. These recent achievements further solidify BTC’s place as a stable and enduring digital asset and an increasingly established player in the global financial landscape.
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