Bitcoin is nearing the significant $100,000 mark. New data shows increased demand from long-term investors with a confident outlook for market growth.
Bitcoin permanent holder demand
CryptoQuant, a data analytics platform, notes an increase in demand from permanent Bitcoin holders despite recent market dips. This is a key indicator of confidence in BTC and a potential price rally.
Trading price nears $100K
Bitcoin is trading at $99,710, just shy of the $100,000 mark. Over the last 24 hours, it has risen by 1.56%, signaling positive market momentum. Price fluctuations occurred this week due to new tariffs announced by Trump.
Impact of regulatory changes and investments
Increasing demand from both permanent holders and institutional investors is pushing BTC price upwards. Additionally, more US states are adopting a pro-crypto stance, aiding BTC's growth. The Bitcoin reserve bill is nearing its final stage in Utah, while another bill was introduced in Missouri.
The overall data and steady Bitcoin demand from long-term holders indicate that BTC may reach a new key price milestone.
