Price movements of Bitcoin continue to attract attention due to institutional purchases and rising market volatility.
Bitcoin Surpasses $108K
On recent trading, Bitcoin's price exceeded $108,000, but soon saw a retreat. This shift coincides with Metaplanet's purchase of 1,234 BTC, reflecting ongoing interest from institutional investors. Market volatility is anticipated to rise.
Institutional Interest and ETF Inflows
Despite recent price fluctuations, institutional investor interest remains strong. Analysts such as Alex Kuptsikevich note that recent treasury acquisitions and ETF enthusiasm signal persistent investor interest. This creates strong upward pressure on Bitcoin, confirming its attractiveness for large investors.
Expectations and Market Risks
With the market cap nearing $3.31 trillion, experts caution about heightened volatility. "The crypto market cap increased by 1%, reaching $3.31 trillion. This threshold could trigger sellers and hinder the market from consolidating at higher levels," — said Alex Kuptsikevich.
Bitcoin continues to draw attention from institutional interests and significant ETF inflows, but this comes with instability and potential risks for future price actions.
