Bitcoin has blasted through $100K to hit fresh all-time highs, fueling a massive crypto bull run. After starting 2024 near $44K, BTC surged into year-end, topping $106K in Dec 2024, and then vaulted past $111,000 in May 2025.
Traders highlight institutional buying and ETF demand as key drivers. Coinbase data shows Bitcoin broke above $111K for the first time in May on a wave of capital inflows. Even after a brief pullback, BTC was still trading near $105K by June 2025.
This historic rally has also pushed the total crypto market cap above $3.8 trillion, sparking new buzz around Bitcoin price predictions and what comes next.
📉 Bitcoin Halving – Scarcity Effects
In April 2024, Bitcoin’s block reward was cut in half (from 6.25 to 3.125 BTC). Halvings happen every four years to reduce supply and make Bitcoin scarcer.
Historically, each halving has been followed by big rallies. After the 2016 halving, BTC rose ~51% within six months, and after the 2020 halving, ~83%.
The 2024 halving was special: it happened just months after the approval of U.S. spot Bitcoin ETFs. With fewer coins available and more investors entering the market, the halving became a powerful catalyst for this bull run.
💼 Bitcoin ETFs & Institutional Flows
Another game-changer in 2024 was the launch of the first spot Bitcoin ETFs. In January 2024, the U.S. SEC approved products from giants like BlackRock and Fidelity, opening the door for traditional investors.
Since then, ETFs have pulled in massive inflows. By mid-2025, roughly $45 billion had flowed into Bitcoin ETFs. BlackRock’s iShares Bitcoin Trust (IBIT) alone now holds about $70B in BTC – a staggering 144% jump since launch.
In May 2025, ETFs absorbed about $3.6 billion in fresh demand. This consistent institutional buying has created a “price floor” and attracted more long-term capital.
At the same time, public companies have started adding Bitcoin to their treasuries, converting cash reserves into BTC. Together, ETFs and corporate adoption are acting like rocket fuel for Bitcoin’s growth.---
🔮 Price Outlook & Crypto Bull Run
Many analysts believe the crypto bull market still has room to run. Chart patterns and technical signals suggest Bitcoin could target $120K in the short term.
Breaking and holding above the $112K–$115K zone is viewed as a key milestone that could trigger further automated and retail buying.
Some price models and surveys even project BTC at $123K or higher by end-2025. While volatility remains (macro events like inflation, rates, or geopolitics can spark corrections), the overall outlook is bullish.
With scarcity increasing and institutional inflows accelerating, Bitcoin’s fundamentals look stronger than ever. That’s why many believe BTC’s six-figure status is here to stay.
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✅ Key Takeaways
🚀 Record Rally: Bitcoin hit $111K in May 2025, securing its place among six-figure assets.
📈 Supply Squeeze: The April 2024 halving cut BTC supply in half, fueling demand-driven growth.
💼 ETF Boom: Spot Bitcoin ETFs have pulled in tens of billions, with BlackRock’s IBIT holding ~$70B.
🔮 Bullish Outlook: Analysts eye $120K+ targets as the crypto bull run gains momentum.
