The largest cryptocurrency, Bitcoin (BTC ($106,311.00)) 
$103,210, has surpassed the $100,000 milestone today, reaching an unprecedented level. This marks the first time in nearly 15 years since its release that Bitcoin has achieved this price. With a peak value of $103,670, Bitcoin has elevated its market capitalization to $2 trillion, despite experiencing a decline below $102,000 due to profit-taking during Asian trading hours. However, it is currently trending upward again.
Institutional Demand and ETF Inflows Support Bitcoin
In the United States, spot Bitcoin ETFs have set a record with a net inflow of $533 million on Wednesday. Notably, BlackRock’s IBIT ETF has surpassed the $50 billion net asset level for the first time. Experts indicate that this surge in Bitcoin’s price will likely increase institutional demand and attract more investors.
Presto Research investment analyst Min Jung stated, “Defining Bitcoin as digital gold and the appointment of Paul ...
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