* Record Highs: Bitcoin reached an all-time high, surpassing $118,400. Expectations of potential interest rate cuts by the US Federal Reserve (Fed) and increased institutional interest played a significant role in this rise. Some analysts are pointing to $130,000 as the next target, with some even predicting $200,000 or more by the end of 2025. * Institutional Interest and ETFs: Heavy inflows into spot Bitcoin ETFs (over $15 billion in BTC purchases since mid-April) are seen as one of the main drivers behind the price rally. Interest in cryptocurrencies from major banks and institutions continues to grow. #VIP Exclusive Airdrop Carnival #ETH Breaks $3,000 #BTC Hits New High
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
General Market Situation and Bitcoin (BTC)
* Record Highs: Bitcoin reached an all-time high, surpassing $118,400. Expectations of potential interest rate cuts by the US Federal Reserve (Fed) and increased institutional interest played a significant role in this rise. Some analysts are pointing to $130,000 as the next target, with some even predicting $200,000 or more by the end of 2025.
* Institutional Interest and ETFs: Heavy inflows into spot Bitcoin ETFs (over $15 billion in BTC purchases since mid-April) are seen as one of the main drivers behind the price rally. Interest in cryptocurrencies from major banks and institutions continues to grow.
#VIP Exclusive Airdrop Carnival
#ETH Breaks $3,000
#BTC Hits New High