Bitcoin

Momentum

Gains

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-surpasses-100000-and-gains-momentum/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Surpasses $100,000 and Gains Momentum</a><br></p>
<p style="text-align: justify">The largest <a href="https://en.coin-turk.com/utonic-protocol-achieves-100-million-in-total-value-locked/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a>, Bitcoin (BTC) , has surpassed the $100,000 milestone today, reaching an unprecedented level. This marks the first time in nearly 15 years since its release that Bitcoin has achieved this price. With a peak value of $103,670, Bitcoin has elevated its market capitalization to $2 trillion, despite experiencing a decline below $102,000 due to profit-taking during Asian trading hours. However, it is currently trending upward again.</p>
<h2 style="text-align: justify" id="strong-institutional-demand-and-etf-inflows-support-bitcoin-strong"><strong>Institutional Demand and ETF Inflows Support Bitcoin</strong></h2>
<p style="text-align: justify">In the United States, spot Bitcoin ETFs have set a record with a net inflow of $533 million on Wednesday. Notably, BlackRock’s IBIT ETF has surpassed the $50 billion net asset level for the first time. Experts indicate that this surge in Bitcoin’s price will likely increase institutional demand and attract more investors.</p>
<p style="text-align: justify">Presto Research investment analyst Min Jung stated, “Defining Bitcoin as digital gold and the appointment of Paul Atkins as <a href="https://en.coin-turk.com/how-to-store-cryptocurrency/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SEC</a> chairman are accelerating BTC’s growth. With the increase in market capitalization, large institutions are finding significant investment opportunities.”</p>
<h2 style="text-align: justify" id="strong-will-the-uptrend-continue-experts-weigh-in-strong"><strong>Will the Uptrend Continue? Experts Weigh In</strong></h2>
<p style="text-align: justify">Some market experts suggest that Bitcoin reaching $100,000 could indicate a market peak. However, on-chain data and macroeconomic indicators suggest that the uptrend may persist. LVRG Research Director Nick Ruck commented, “Even if long-term investors reduce their positions, Bitcoin’s rapid rise is attracting media attention, which could trigger new purchases.”</p>
<p style="text-align: justify">Additionally, seasonal positivity during the holiday season and demand for ETFs could further support price increases. However, experts warn that volatility at this level may be high, advising investors to proceed with caution.</p>
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Bitcoin Surpasses $100,000 and Gains Momentum

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