#BTCPrediction Bitcoin's recent surge past $106,000 is driven by several factors:

Institutional Investment: Growing interest from institutional investors, with Galaxy Research predicting Bitcoin will cross $150,000 in the first half of 2025 and test or best $185,000 in Q4 2025.

Regulatory Clarity: Anticipated regulatory shifts, including potential stablecoin legislation passing both houses of Congress and being signed into law, are contributing to market growth.

Adoption: Increased adoption by corporations and nation-states, with predictions that at least five Nasdaq 100 companies and five nation-states will announce Bitcoin additions to their balance sheets or sovereign wealth funds.

Market Sentiment: Positive market sentiment, fueled by Bitcoin's appreciation and record inflows into US spot Bitcoin ETPs, which are expected to collectively cross $250 billion AUM in 2025.

Current market performance:

Bitcoin Price: $104,917.06, with a 2.90% increase

Market Cap: $2.04 trillion

ETP Performance: US spot Bitcoin ETPs, like iShares Bitcoin Trust ETF (IBIT), are seeing significant growth, with IBIT's price at $58.67.