Short

BTCUSD down

Updated

Bitcoin (BTC) reached a new all-time high of $99,419, just inches away from the 100K milestone and has rallied over 9% so far this week. This bullish momentum was supported by the rising Bitcoin spot Exchange Traded Funds (ETF), which accounted for over $2.8 billion inflow until Thursday. BlackRock and Grayscale’s recent launch of the Bitcoin ETF options also fueled the rally this week. Moreover, the Global Head of Digital Assets Research at Standard Chartered told FXStreet that he expects Bitcoin to reach 125K by the end of this year and 200K by the end of 2025.

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