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Bitcoin exceeded the $100,000 mark for the first time in two weeks, reaching $102,504 on Monday, 6 January 2025. Amid rising demand for risky assets due to the stock market rally, the cryptocurrency posted a weekly gain of 5.66%, the best result since the end of November 2024, Bloomberg reports.
Last year, Bitcoin reached an all-time high of $108,315, driven by optimism related to the cryptocurrency policy of the Donald Trump administration. However, in December 2024, many investors took profits, which temporarily slowed the price increase.
The market’s new momentum has been boosted by large-scale investments in exchange-traded funds focused on Bitcoin. According to Bloomberg, $908 million was invested in these funds in just one day – Friday, January 3 – which was the fifth largest inflow since their launch. For comparison, on 19 December 2024, the same funds recorded record outflows of $680 million.
Financial experts believe that the beginning of 2025 could be key to the continued stability of the cryptocurrency market. Despite the volatility, investor interest in Bitcoin remains high, and the commitment of regulators may create favourable conditions for the further development of the industry.
