Bitcoin blasts past $108,000 – Is $210,000 next? Institutions think so
Author: Content Editor
Bitcoin has surged to an all-time high of $108,260, driven by several factors. President-elect Donald Trump's proposal to establish a U.S. Bitcoin strategic reserve has sparked excitement in the market. Institutional activity, particularly from MicroStrategy, which recently purchased $1.5 billion worth of BTC, has also contributed to the rally. Additionally, the inclusion of MicroStrategy in the Nasdaq 100 index is expected to increase demand for its stock. Ethereum has also seen momentum, with growing ETF inflows and shorts being liquidated. The broader macroeconomic environment, including a weakening U.S. Dollar and political turbulence in Europe, has created uncertainty, leading investors to alternative assets like Bitcoin. Bitcoin's tightening supply dynamics and Ethereum's signs of structural strength indicate that the rally may continue, although volatility is expected due to the upcoming Federal Reserve meeting. Managing risk is crucial in this cycle.