Bitcoin price has surpassed $100,000 and reached a peak of $104,000, driven by strong investor appetite and increased institutional demand. Spot Bitcoin exchange-traded funds have seen a net inflow of over $33 billion, bringing their total assets to a record $109 billion. Analysts predict that Bitcoin will continue to perform well, with some forecasting a price of $200,000 by 2025. Governments, including the US and China, are also acquiring Bitcoin, potentially driving the price higher. However, there may be resistance at $122,000 before the coin can reach $200,000.
- Content Editor ( crypto.news )
- 2024-12-06
Bitcoin price can hit $200k in 2025, but crossing $122k will be crucial