$BTC

Bitcoin Price Surpasses $105,000

Bitcoin has seen a new surge, crossing the $105,000 mark, supported by a thaw in trade tensions between the United States and China after a trade agreement that reduces tariffs, which boosted investor confidence in safe-haven assets like Bitcoin.

Strong Bullish Outlook

Analysts predict Bitcoin will reach $150,000 by the end of 2025, bolstered by institutional adoption and the U.S. Securities and Exchange Commission's approval of Bitcoin exchange-traded funds (ETFs) that have attracted billions of dollars in investments.

Significant Institutional Moves

Japanese company Metaplanet announced the purchase of 1,241 Bitcoins worth $119 million, surpassing Salvadoran reserves, raising its total value to $707 million, reflecting a growing trend of Bitcoin holding in corporate balance sheets.

Market Reaction to Events

Analyses indicated that the U.S.-China trade agreement contributed to enhancing Bitcoin's role as a safe investment asset, amid expectations of a new buying wave pushing the price towards $150,000 in the coming months.

Technical and Regulatory Developments

BlackRock held a meeting with the U.S. Securities and Exchange Commission (SEC) to discuss the listing of digital securities, reflecting a trend to integrate blockchain technology into the traditional financial sector, which could support long-term growth in the cryptocurrency market.