Bitcoin (BTC) has achieved a significant milestone, surpassing the $100,000 mark and trading around $103,688, representing a 7.6% weekly gain. This sustained growth is being primarily driven by substantial institutional investments, with Goldman Sachs recently disclosing $1.65 billion in holdings via Bitcoin ETFs, joining other major players like BlackRock and Fidelity. Additionally, Japanese firm Metaplanet Inc. has raised $21.25 million through bond issuance to purchase more BTC, underlining the growing trend of corporations diversifying their portfolios with Bitcoin as a strategic reserve asset.
Market sentiment is further buoyed by hints of a new U.S.-U.K. trade deal and the U.S. Federal Reserve's decision to maintain interest rates, creating a favorable risk environment for digital assets. Technical analysis highlights that Bitcoin is consolidating just below a crucial resistance level ($103,681), with the next upside target at $105,249. While momentum remains strong, technical signals like the MACD suggest investors should remain watchful for a potential short-term pullback.
Investor enthusiasm is echoed in prediction markets like Kalshi, where 57% believe BTC could hit $125,000 by year end, and in updated projections from Ark Invest, which suggests an optimistic scenario of $2.4 million per BTC by 2030, citing tightening supply and robust institutional demand via ETFs. Meanwhile, related projects such as the BTC Bull Token (BTCBULL) are drawing investor interest with high-yield, flexible staking options, having raised over $5.5 million as presale demand surges.