Over the past few days, Bitcoin has been trading near its record highs, holding steady in the $109,000–$110,000 range, after reaching an all-time high of $112,000. The recent profit-taking did not lead to a sharp correction, reflecting the strength of the current upward trend. This price stability underscores strong investor confidence in the continuation of the bullish trajectory, as evidenced by the declining selling volume after hitting the peak.
One of the most notable developments that caught the attention of market participants was the transfer of large amounts of Bitcoinworth over $175 million from unidentified wallets to Coinbase, executed in two separate transactions. Despite initial concerns over potential selling pressure, the market showed no negative price reaction; in fact, Bitcoin rose by 1.06%, suggesting that these transfers were likely part of portfolio rebalancing or internal strategic moves by institutional players.
The “Bitcoin 2025” conference held in Las Vegas served as a pivotal event that boosted market sentiment. It featured strategic statements from high-level political figures, including White House advisor Bo Hines, who affirmed the U.S. administration’s intention to increase its Bitcoin reserves instead of liquidating them. Further optimism was fueled by former President Donald Trump’s support for the proposed “BITCOIN Act,” which aims to establish a national Bitcoin reserve of up to one million BTC.
This political shift toward institutional recognition of digital assets has further positioned Bitcoin as a strategic asset, rather than merely a short-term speculative instrument. The impact has been clear in investor behavior, with increased institutional inflows and reduced price volatility, even amid an influx of market news.
Meanwhile, most alternative cryptocurrencies have shown relatively subdued performance, as Bitcoin continues to dominate liquidity flows. Ethereum gained 2.6%, while other assets like XRP, Solana, and Cardano traded within narrow ranges. This trend highlights a current preference among institutional investors to concentrate exposure on Bitcoin as the leading digital asset, especially in the absence of strong catalysts favoring altcoins.
Amid this strong performance, the comparison between Bitcoin and gold has entered a new phase. Investor Tim Draper claimed that gold has lost its relevance in the modern financial landscape, asserting that Bitcoin is now better suited to today’s fast moving markets. On the other hand, Mike McGlone from Bloomberg offered a more cautious view, warning that rising government bond yields could renew interest in gold as a traditional safe-haven during times of uncertainty.
Nevertheless, on-the-ground data shows significant momentum in Bitcoin’s favor. Exchange-traded funds (ETFs) focused on Bitcoin have attracted cumulative inflows of $44.53 billion, compared to $100 billion in gold ETFs. Although the gap remains sizable, the rapid growth suggests a shift in investment dynamics. Financial author Robert Kiyosaki took it further, predicting that Bitcoin could reach $250,000 by the end of 2025, citing its capped supply and growing market confidence.
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