Bitcoin hit a new peak of 108,786 USD, reflecting positive market sentiment and political events, particularly Donald Trump’s presidency. The cryptocurrency has seen a 3.2% rise in the past day and 16.2% this week.
Investment in Bitcoin and Ethereum ETFs boomed, with 2.2 billion USD in inflows last week. Analysts from Standard Chartered project that Bitcoin might reach 200,000 USD by the end of 2025 as institutional adoption strengthens.