The price of Bitcoin (Bitcoin) has risen by approximately 1% to 117,500$ in the last 24 hours, as the currency enjoys a market value of $2.34 trillion and a daily trading volume of $58.4 billion. The price is considered high by 3.6% in a week and is approaching 120,000$ while institutional demand and market movements redraw the shape of previous price cycles.

The Bitcoin (Bitcoin) mining reward halving cycle that occurs every 4 years - where the price rises significantly about a year after each halving event - shows signs of change. In 2024, the price of Bitcoin (Bitcoin) reached 73,000$ in March before the usual cycle peak, and analysts say this change is attributed to Bitcoin exchange-traded funds (BTC ETFs) in the United States and increased institutional interest and a more mature market structure.