Bitcoin has recently crossed the important $100,000 level, reaching a peak of about $103,670 before stabilizing at around $102,000. Bitcoin’s market capitalization has surpassed $2 trillion for the first time, thanks to a 7.2% increase in just 24 hours.
The crypto has performed well over the past month, gaining 50%. This is due to increased interest from institutions, more money flowing into exchange-traded funds (ETFs), and a positive outlook in traditional finance, especially with Donald Trump’s expected presidency, which may create a better environment for Bitcoin.
Recent data shows that U.S.-spot BTC ETFs had net inflows of $533 million, and BlackRock’s IBIT exceeded $50 billion in net assets. Even with worries about a possible market peak that might drop prices to $90,000, many traders still feel positive. They think that the holiday season, along with higher ETF demand and more media focus, might keep the buying momentum going.
Traders have different views on where Bitcoin is headed. Some analysts point out that the positive regulatory changes, especially the appointment of Paul Atkins as SEC chair, could encourage more institutional investment.
Some people believe that the demand for blockchain and economic factors indicate that Bitcoin could still rise significantly. The recent price movement is a key moment for the cryptocurrency market, with hopes for ongoing growth and adoption.
