Bitcoin's price has seen a notable increase, rebounding from a weekend dip to surpass $69,000. An analyst highlights the cyclical nature of Bitcoin's price, pointing out distinct four-year cycles that have historically led to significant price growth. The current cycle, which began in 2022, is expected to continue its upward trend towards 2025. Additionally, attention is shifting towards Bitcoin exchange-traded funds (ETFs), with holdings surpassing $60 billion and U.S. spot Bitcoin ETFs experiencing their highest inflow in six months. This surge in ETF demand is seen as an indicator of potential upward price momentum for Bitcoin.



Other News from Today