By Shikha Singh
Bitcoin recently reached a new all-time high of $109,112 before experiencing a slight correction. It briefly dropped below $102,000 but is now recovering, with key resistance levels around $104,000 and $104,500. If Bitcoin can surpass these levels, it may continue to rise, with analysts predicting potential growth to $145,000 to $249,000 by 2025.
The surge in Bitcoin’s price has been accompanied by heightened speculative interest, as evidenced by a rise in its Futures Perpetual Funding Rate to 0.035%, signaling more market activity.
The recent price surge also coincided with speculation around Bitcoin’s future, fueled by optimism surrounding Donald Trump’s presidential inauguration and potential crypto-friendly policies.
This has driven significant institutional inflows, with Bitcoin seeing $2.7 billion in inflows year-to-date, contributing to a total asset under management of $171 billion.
Ethereum and other altcoins like XRP also saw inflows, with Ethereum reversing its year-to-date outflows, while XRP saw impressive $484 million in inflows.
Overall, global institutional interest in Bitcoin remains strong, with the US leading the charge, while countries like Switzerland, Canada, and Australia also saw significant inflows.
Looking ahead, analysts predict Bitcoin could hit between $145,000 and $249,000 by 2025, driven by continued institutional capital flows, pro-crypto US policies, and potential interest rate cuts.
Investor optimism fuels the crypto market’s bullishness, with growing adoption and favorable regulatory changes anticipated under the new US administration.
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