Bitcoin Eyes $100,000 Milestone Amid Market Rally
Bitcoin (BTC) is showing strong bullish momentum this week, with the potential to reach the $100,000 mark. After a period of volatility earlier in the year, BTC has surged past $90,000, recording a 6.14% gain in the last 24 hours. This article delves into the factors driving this rally and what investors can expect in the coming days.
Bitcoin (BTC) Could Potentially Reach $100,000 This Week
The cryptocurrency market experienced a significant shift this week, with Bitcoin (BTC) surpassing the $90,000 mark after a sluggish period. Earlier in the year, BTC reached an all-time high of $109,114.88 but failed to sustain its momentum, dropping to a low of $74,436. However, over the past 24 hours, Bitcoin has recorded a notable rise of 6.14%, trading between $88,255.83 and $94,459.61. At the moment, after a slight correction, BTC is priced below this high. Market analysts are speculating that BTC could potentially hit $100,000 this week.
Bitcoin ETFs See Largest Inflows Since Trump’s Inauguration
US spot Bitcoin exchange-traded funds (ETFs) witnessed a significant surge in investor activity on April 22nd, recording nearly $1 billion in combined daily net inflows. The latest figure marks the largest increase since Donald Trump took office, representing a three-month high. According to SoSoValue, the inflows exceeded $936 million on April 22nd, with the week’s total reaching $1.32 billion in just two trading days. This surge can be attributed to growing investor confidence in Bitcoin as a potential hedge against ongoing geopolitical and macroeconomic risks. Leading the charge was ARK 21Shares’ Bitcoin ETF (ARKB), which pulled in $267.1 million, followed closely by Fidelity’s Wise Origin Bitcoin Fund (FBTC). No mentions of other coins or exchanges were made in the news.
Bitcoin Targets $100K Amid Trump’s Softer Tone on China and BTC ETF Demand Surge
Bitcoin soared to a six-week high of $94,000, buoyed by shifting geopolitical winds and resurgent institutional demand. The 6% daily gain extends a 20% rebound from April’s $74,400 trough, as fading US-China trade tensions coincided with record inflows for spot Bitcoin ETFs. Ethereum led altcoins with a 10% surge, while SOL, BNB, and XRP posted gains between 2-9%, propelling total crypto market capitalization back to $3 trillion for the first time since March. Technical analysts note the breakout above both the 200-day moving average and a multi-month trendline suggests trapped bears are fueling the rally through forced liquidations.
Bitcoin Briefly Surpasses Google in Market Cap Ranking
Bitcoin has briefly surpassed Google in market cap rankings, making it the fifth most valuable asset globally. With a market cap of $1.86 trillion, Bitcoin is now only behind gold, Apple, Microsoft, and Nvidia. This surge in value positions Bitcoin as a formidable tech stock proxy and a dynamic hedge against equities and US Treasury risk. Data from companiesmarketcap.com confirms Bitcoin’s new status among the top assets by market cap.
Cantor Fitzgerald Teams Up with Tether and SoftBank for $3B Crypto Venture
Cantor Fitzgerald is planning a significant expansion into the crypto space by partnering with Tether and SoftBank to create a $3 billion firm focused on digital asset investments. The new entity aims to absorb large amounts of cryptocurrency, marking one of the most ambitious moves in the industry. A special purpose acquisition company (SPAC) tied to Cantor, Cantor Equity Partners I, has already secured $200 million. The new venture will receive additional backing from Tether, although discussions remain private and none of the companies have officially commented yet. This deal aligns with the growing trend of Bitcoin accumulation led by advocates like Michael Saylor, who has amassed nearly $45 billion in Bitcoin.
Industry Leaders Predict Bitcoin Prices to Skyrocket by 2025
Several crypto industry leaders anticipate a significant rise in Bitcoin prices, forecasting values between $200,000 and $1 million in 2025. This growth is expected to be fueled by various factors, including higher tariffs, a weaker dollar, lower interest rates, and quantitative easing. However, not all experts agree; 60% of betters on Polymarket predict the price will not surpass $110,000 in 2025. Bitcoin’s price has experienced volatility recently, dropping as much as 14% to under $75,000 following Donald Trump’s announcement of tariffs against nearly 200 countries. The price has recovered slightly after Trump paused the tariffs for 90 days, except for China. Despite global trade tensions, Bitcoin remains a key player in the cryptocurrency market.
