Bitcoin institutional adoption and ETF inflows drive the price surge.
Trump’s reelection boosts market optimism, contributing to Bitcoin’s growth.
Bitcoin has surged to a new all-time high of $98,309, marking a 4.78% increase in the past 24 hours. As the digital asset continues to break records, the question on many investors’ minds is: when will Bitcoin hit the $100K milestone?
The rally is largely driven by growing optimism for cryptocurrencies, fueled by institutional adoption and rising capital inflows. MicroStrategy, for instance, is set to raise $2.6 billion to buy more Bitcoin, and several corporate treasuries are following suit, adding Bitcoin to their reserves. This institutional support has significantly impacted it’s price trajectory, with major ETFs recording substantial net inflows, further pushing it toward new highs.
Meanwhile, in addition to corporate interest, Bitcoin’s role in the financial ecosystem has gained prominence, with Bitcoin futures open interest on the CME reaching record levels. The sustained buying of long-term calls signals that investors are confident about it’s future and expect the price to climb higher in the coming months.
BTC Price Chart, Source: Sanbase Bitcoin To Create History
The recent surge also comes on the heels of Donald Trump’s reelection, which has reignited optimism in the crypto market. Trump’s plan to make the U.S. the “crypto capital of the planet” and his proposal to accumulate a national Bitcoin stockpile have further bolstered market sentiment.
As it remains firmly above $97,000, it seems the $100K milestone is within reach. With strong institutional participation, a steady stream of ETF inflows, and a bullish market outlook, it could easily cross the $100K mark in the coming days, if not sooner.
The easing of global monetary policy also adds to Bitcoin’s appeal as a hedge against inflation, ensuring its price remains supported through the year. With the market momentum strong and volatile forces at play, it may very soon reach the coveted $100K level, solidifying its status in the financial world.
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