#BTCBackto100K Bitcoin's current price is $101,365.08, with a 4.67% increase in the last 24 hours. The cryptocurrency has seen significant growth, driven by various factors, including ¹ ² ³:
- *Institutional Demand*: Strong inflows into spot Bitcoin ETFs, with a total inflow of $1.13 billion, have contributed to the price surge.
- *Corporate Demand*: Companies like Metaplanet and MicroStrategy have invested heavily in Bitcoin, with Metaplanet issuing $24.7 million in interest bonds to buy more BTC.
- *Market Sentiment*: Positive US-China trade talks and the Federal Reserve's $20 billion daily bond purchases have boosted market sentiment.
- *Technical Analysis*: Bitcoin's price has broken above key resistance levels, with analysts predicting further growth, potentially reaching $100,000 or more.
Some key statistics include ¹:
- *Current Price*: $101,365.08
- *Market Cap*: $1.93 trillion
- *24-hour Trading Volume*: $29.09 billion
- *Open Price*: $96,841.10
- *High Price*: $101,525.03
Analysts predict Bitcoin's price will continue to grow, with some forecasts reaching $150,000 to $200,000 by the end of 2025. However, profit-taking concerns have sparked worries about a local top forming near current levels ² ⁴.
