Bitcoin's price has reached over $102,400 at the start of the new year, experiencing slight price gains in the first five days of January. This is the first time this has occurred since 2018. Despite a drop below $92,000 on December 30, the strong demand from US-listed Bitcoin ETPs and treasuries like MicroStrategy's may support bitcoin's price. The US bitcoin ETFs saw a rebound in net new assets, and 96% of financial advisers received crypto-related questions from clients in 2024. MicroStrategy plans to raise $2 billion to acquire more BTC, while other companies like Metaplanet and KULR Technology Group are increasing their BTC holdings. The pace and extent of future crypto regulatory clarity, as well as macro factors such as Federal Reserve signals on interest rates and the market response to a stronger US dollar, could impact BTC price in January.
- Content Editor ( blockworks.co )
- 2025-01-06
BTC hits milestone as possible big month begins