Bitcoin Hits $102K as Institutional Inflows and Corporate Purchases Drive Gains
Bitcoin soared to nearly $102,000 on Monday, hitting six-digit prices for the first time since Dec. 19 and kicking off a strong start to 2025 after a holiday slowdown. Two key market drivers driving Bitcoin’s recent rally are the return of institutional capital inflows and a reduction in Bitcoin’s trading supply. On Friday, the Bitcoin U.S. Spot ETF recorded net inflows of $908.1 million, the largest inflow recorded since mid-December 2024, a sign of returning demand. Additionally, corporate Bitcoin buying made headlines, with MicroStrategy purchasing an additional 1,020 BTC, while Texas-based KULR Technology Group added $21 million worth of BTC to its inventory, increasing its holdings doubled.
