The outflow of $4.5 billion creates upward momentum for BTC, challenging the $100,000 level
A large influx of capital into Bitcoin, including over $4.5 billion from exchange-traded funds (ETFs) in the US, has created upward momentum for the value of this currency, with Bitcoin's price recently surpassing $96,000 and heading towards the $100,000 mark. Investor optimism stems from hopes that the new administration under Donald Trump will adopt a more cryptocurrency-friendly stance, opening up new opportunities for the industry, including the creation of a national reserve in Bitcoin.
In this context, Bitcoin has experienced strong growth, up 130% in 2024. Recent moves such as the launch of Bitcoin ETFs and government support for businesses are increasing demand for this asset, making it likely that Bitcoin's value will reach the $100,000 mark in the near future. However, investors also need to be cautious of market volatility and potential factors that could impact prices, especially SEC regulations related to cryptocurrencies.