Bitcoin ETF Inflows Surge to $900 Million, Pushing Bitcoin to $98K
After a massive bloodbath on Satoshi Street in the last week of December, Bitcoin recovered from a $92,000 drop on its 16th anniversary to $98,000. The global market value increased sharply by 2.31% to reach US$3.49 trillion, and the transaction volume reached US$123 billion. Interestingly, the Fear and Greed Index jumped from 50 to 60, indicating growing investor confidence. Cryptocurrency price action is positive today, with most altcoins trading in the green.
U.S. Bitcoin ETF Rising, Here’s Why?
Meanwhile, U.S. Bitcoin ETFs have seen impressive inflows, totaling $900 million. This marks a strong reversal from earlier outflows, pointing to growing institutional interest in Bitcoin. according to dataAmong them, Fidelity’s Bitcoin ETF (FBTC) led the way with $357 million in inflows, followed by BlackRock’s IBIT with $252 million, and Ark Invest’s ARKB with $222 million. Dollar. The data points to growing investor confidence in Bitcoin’s future, especially as its price approaches the $100,000 mark again.
On-chain data supports this positive sentiment, showing that more than 48,000 Bitcoins (worth over $4.5 billion) have been withdrawn from exchanges. This means investors hold Bitcoin for the long term, which usually precedes a significant price increase.
Additionally, the Coinbase Premium Index, a key indicator of institutional demand, has rebounded recently after hitting a two-year low, further confirming the growing interest of institutional investors.
Will Bitcoin hit $200,000 by the end of the year?
Although there is some uncertainty about Bitcoin’s price action, especially due to the impending inauguration of Donald Trump, the overall outlook for Bitcoin remains bullish. The market expects a fair SEC chairman and clear crypto rules, all of which will make 2025 the year of crypto.
Many experts have given their predictions for crypto in 2025, including crypto OG Robert Kiyosaki predict Super bullish targets for this year are $175,000 and even $350,000. Bitwise Asset Management expects Bitcoin to reach $200,000 by the end of 2025. Longer term, Pantera Capital predicts that Bitcoin could reach $740,000 by 2028 as more investors hold on to it rather than sell.
The disadvantage is!
Despite the over-hyped market, Bitcoin’s path to achieving these goals will not be smooth. Experts warn that the first quarter of 2025 could see a period of consolidation, especially after Bitcoin fell from $108,000 to its current price. Markets are likely to continue to be volatile at this time. Many experts believe that cryptocurrency regulation will be delayed due to Trump’s political apathy.
