The latest inflows bring spot Bitcoin ETFs’ total net assets to $95.4 billion, or 5.27% of Bitcoin’s $1.8 trillion market capitalization.
Bitcoin news
Bitcoin traders seek new BTC price records in the coming days — can the market avoid a blow-off top if mass “FOMO” begins?
Sławomir Mentzen, a Polish presidential candidate, has vowed to create a Bitcoin reserve if elected in 2025.
The continued market momentum would be driven by “regulatory relief,” one of the most important things coming out of the new administration, said ARK Invest’s Cathie Wood.
RFK Jr. has been a longtime Bitcoin advocate, praising its power to transmute currency inflation as US government debt tops $36 trillion.
Bitcoin maintaining above $85,000 improves the price prospects for SOL, AVAX, SUI, and NEAR.
The United States government has the highest gold reserves in the world, with over 8,000 tons of the precious metal on its balance sheet.
Analysts continue to forecast a Bitcoin price target anywhere between $140,000-$500,000 during the current market cycle.
Bitcoin could still see “healthy cooling” before its trip to $100,000 and above, the latest BTC price analysis says.
Macro economist Lyn Alden admits she has been a “polite long-term Ethereum bear,” but she was surprised by Ether’s performance after the United States election.