Amid a wave of corporate adoption, Bitcoin is back in the spotlight as 22 additional companies have added the cryptocurrency to their balance sheets, escalating total holdings to over 819,000 BTC. Among these companies, European Blockchain Group aims to raise €300 million (roughly $340 million) to invest specifically in Bitcoin, indicating a surging interest in cryptocurrencies in the corporate world.
The iShares Bitcoin Trust by BlackRock has made headlines by surpassing $70 billion in assets within a year, demonstrating an unprecedented influx of investment that outpaces even traditional gold funds. With a single-day trading volume of $2.7 billion, this growth highlights significant confidence in Bitcoin's durability.
Market watchers, including veteran trader Merlijn The Trader, suggest Bitcoin might be in the final stretch of a parabolic phase, with forecasts of hitting $130,000 if current momentum continues. At present, Bitcoin is trading around $109,670, reflecting a 2% hike over the last day. Investors are also closely monitoring upcoming U.S. Consumer Price Index figures and Federal Reserve meetings, which may further influence Bitcoin's trajectory.
The iShares Bitcoin Trust by BlackRock has made headlines by surpassing $70 billion in assets within a year, demonstrating an unprecedented influx of investment that outpaces even traditional gold funds. With a single-day trading volume of $2.7 billion, this growth highlights significant confidence in Bitcoin's durability.
Market watchers, including veteran trader Merlijn The Trader, suggest Bitcoin might be in the final stretch of a parabolic phase, with forecasts of hitting $130,000 if current momentum continues. At present, Bitcoin is trading around $109,670, reflecting a 2% hike over the last day. Investors are also closely monitoring upcoming U.S. Consumer Price Index figures and Federal Reserve meetings, which may further influence Bitcoin's trajectory.
