Bitcoin Surges Past $125,000 to New All-Time High
Bitcoin (BTC) has broken through another milestone, surging past $125,000 to set a new all-time high. This fresh record comes amidst a strong uptrend supported by institutional investors and safe-haven buying during the ongoing US government shutdown.
Bitcoin's latest rally aligns with its historic four-year halving cycle, which typically precedes bull runs. Technical indicators, such as the 20-week simple moving average (SMA), have held firm, suggesting the uptrend is likely to continue. Analysts predict Bitcoin could test $130K in the short term, with a long-term valuation of $150K by 2025.
Institutional investors are driving this rally, with spot Bitcoin ETFs seeing $35 billion in inflows this year, projected to reach $50 billion by mid-2025. Key institutions like Strategy (formerly MicroStrategy) and Metaplanet hold significant BTC, while prominent ETFs backed by institutions like BlackRock, Fidelity, and Grayscale manage substantial global crypto ETF assets. BlackRock's IBIT alone handles $70 billion.
At press time, Bitcoin was trading at around $125,474, up 1.74% in the last 24 hours. With strong institutional support and positive technical indicators, Bitcoin is anticipated to probe $130K in the near future, with potential to reach $150K by later in 2025.
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