Bitcoin surged past $106,000 as speculation over MicroStrategy’s latest Bitcoin purchase fueled bullish sentiment.
The Bitcoin rally breaking the $2T valuations to reach $100K+ levels projects a prolonged bull run in 2025. Based on the halving cycles and the increasing anticipations around new pro-crypto regulations in the US, the predictions for 2025 are incredibly bullish.
Institutional investors are snapping up Bitcoin ETFs, driven by optimism around Bitcoin’s recent price milestones.
“A strategic bitcoin reserve, investing in bitcoin, would be a win-win for the state,” said Republican State Representative Giovanni Capriglione.
Ethereum (ETH) surged 7% to $3,930, amid Bitcoin and broader market recovery following a favourable US SPI data release on Wednesday.
The anticipated approval of a strategic Bitcoin reserve in the United States has heightened the demand for BTC among institutional investors led by MicroStrategy.
Amid the market pullback, Bitcoin tests crucial supports as the selling pressure grows. Although the lower-level demand seems to struggle to absorb the incoming supply, the on-chain indicators signal a long-term rally.
The heavy crypto liquidations in the past 24 hours have cooled off the leveraged and futures open interest markets, thus setting a new precedent for bullish sentiment.
Bitcoin’s recent dip triggers widespread liquidations and market corrections. But growing interest in the crowd to buy discounted coins suggests potential recovery.
Confidence in the digital asset industry has significantly increased amid the ongoing adoption of Bitcoin by nation-states and institutional investors.
The demand for Ethereum has registered a sharp uptick in the past few weeks as Bitcoin price experiences diminishing returns after hitting $100K.
Binance is relaunching its Web3 Binance Wallet with a focus on accessibility, offering a streamlined and user-friendly interface.
Bitcoin stalls near $100K as market volatility increases. Amid the halt, bears resurface, leading to higher liquidation. However, the growing institutional demand and historical price trends suggest a possible rally to $120K.
Institutional and corporate players are now paying more attention to Bitcoin.
The rising adoption of Bitcoin ETFs coincides with Bitcoin reaching the long-anticipated $100,000 price milestone.