With the price of Bitcoin (BTC) surpassing $107,700 (approximately JPY 16.58 million), hitting an all-time high, there are predictions that the price will rise further.
The recent rise in Bitcoin prices is due to a steady increase in spot trading volume and the Coinbase Premium during the U.S. trading session.
This was coupled with the re-emergence of the Ethereum Premium. In addition to increased physical trading volumes, the Ethereum market was also hit by the acquisition of MicroStrategy and Semler Scientific.
News of new Bitcoin purchases by Emler Scientific made headlines this morning.
Semler Scientific sold 211 BTC at $101,890 per BTC for a total of 21
The purchase was made by Timothy Peterson, a Bitcoin researcher and investor, at $1.5 billion in total, after MicroStrategy bought the cryptocurrency for $100,386 per BTC.
Timothy Peterson predicted that "ETF flows suggest Bitcoin price is likely heading to $115,000."
Strong daily inflows into physical Bitcoin exchange-traded funds (ETFs) are also a stable catalyst for Bitcoin to reach new all-time highs.
Inflows into ETFs reached $2.17 billion in the week ended Dec. 12, bringing the total ETF assets to 11.
It reached $4.97 billion.
2024/12/17 12:31 KST
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