Bitcoin’s price has jumped 4% since yesterday – and investors are wondering if this is the start of a new bull run.

The coin’s rebound comes on the heels of research showing that 2024 was a banner year for Bitcoin millionaires.

Now, all eyes are on Wall Street Pepe, a new meme coin hoping to capture some of that magic.

Bitcoin Bounces Back – Is This the Start of a New Rally?
Bitcoin has made a comeback, climbing to $94,850 after dipping to $91,500 – its lowest price since December 30.

It looks like Bitcoin will finally post a green day after a bit of a slump.

The coin’s technicals suggest this could be the case.

Bitcoin’s latest bounce perfectly aligns with the key 0.618 Fibonacci retracement level, which often signals that an uptrend has started.

Plus, Bitcoin is also attempting to break back above its 50-day exponential moving average (EMA).

If it does, we could see the coin push towards the $100,000 level again.

But it’s not just the charts that are looking good.

Spot trading volumes have increased, topping $60 billion in the past 24 hours as traders flock back to the market.

All of this suggests Bitcoin’s latest jump might be the start of something bigger.

Research Shows Bitcoin Minted Record-Breaking Number of Millionaires in 2024
Some of the interest around Bitcoin in the past day has been due to new research from Finbold.

Their research showed that 154 BTC addresses were hitting millionaire status daily in 2024.

That’s something that has never been seen before.

By the end of the year, there were over 153,000 Bitcoin millionaire wallets – a 58% jump from 2023.

But it wasn’t just smaller traders getting in on the action.#Join Year-end Community Gala & Win Mega Prizes
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