Bitcoin Price and Market Trends:
Current Price: Bitcoin is currently trading around $119,000 to $119,131 USDT, experiencing minor fluctuations.
Recent Highs: Bitcoin has recently hit new all-time highs, crossing the $116,000 and even briefly topping $122,000 - $123,000 USDT on other exchanges.
Bullish Sentiment: There's a general bullish sentiment in the market, with some analysts predicting Bitcoin could reach $130,000 or even $200,000 by late 2025 or early 2026, driven by institutional adoption and regulatory clarity.
Institutional Inflows: BlackRock, for example, has acquired an additional $416 million in Bitcoin, bringing their total holdings to approximately 716,500 BTC. Digital asset funds saw $3.7 billion in inflows last week, with Bitcoin products leading.
New Investor Supply: The supply of Bitcoin held by new investors has increased, contributing to recent price rises.
