$BTC reached a historic high, finishing the week with a close above $106,500, approaching the record peak of $109,500 recorded in January 2025. According to Crypto Briefing, on Sunday, May 18, the price reached $107,000, after which it corrected to $104,500. Analysts consider the pullback a healthy consolidation amid rising institutional investments. American spot Bitcoin ETFs attracted $608 million for the week, with BlackRock’s iShares Bitcoin Trust leading the way, raising $840 million.
Demand exceeds supply: according to Bitwise forecasts, miners will only extract 165,000 BTC this year, while ETFs and companies are already buying more. This, along with the global race for government Bitcoin reserves, could push the price to $200,000. The market remains bullish despite volatility. Stay tuned for crypto market news! Subscribe to #MiningUpdates
