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coinpedia 2025-01-06 19:26:10

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

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.

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