CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
coinpedia 2025-01-06 19:26:10

Bitcoin Hits $102K as Institutional Inflows and Corporate Purchases Drive Gains

The post Bitcoin Hits $102K as Institutional Inflows and Corporate Purchases Drive Gains appeared first on Coinpedia Fintech News Bitcoin surged to nearly $102,000 on Monday, reaching its six-digit price for the first time since December 19 and starting 2025 on a strong note after the holiday slowdown. Two key market movers driving the recent Bitcoin gains are the return of institutional capital inflow and a dwindling exchange supply of BTC. On Friday, Bitcoin recorded $908.1 million in net inflows across its US-based Spot ETFs, the largest inflow volume recorded since mid-December 2024, as a sign of demand returning. Also, Corporate Bitcoin purchases made headlines as MicroStrategy bought another 1,020 BTC, while Texas-based KULR Technology Group added $21 million worth of BTC to its treasury, doubling its holdings.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.