Bitcoin is rapidly approaching the $110,000 mark, fueled by a combination of increased trading volumes, geopolitical developments, and growing enthusiasm for crypto ETFs.
Recent data shows Bitcoin’s price surged nearly 3% within 24 hours, supported by institutional inflows and a notable uptick in market activity.
According to COINOTAG, Standard Chartered’s digital assets research head highlights a “new flow regime” driven by ETF inflows and corporate treasury buying as key factors behind Bitcoin’s momentum.
Bitcoin nears $110K amid strong ETF inflows, institutional buying, and geopolitical shifts, signaling robust market confidence and potential for further gains.
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The recent surge in Bitcoin’s price reflects a significant shift in market dynamics, where institutional investors and ETF inflows are playing a pivotal role. Trading volumes spiked to $52.6 billion, with Bitcoin representing nearly 45% of total crypto market activity, underscoring strong buyer commitment. This volume surge is not merely speculative but indicates substantial capital allocation, positioning Bitcoin just below its all-time high of $111,970.
Standard Chartered’s forecast of Bitcoin reaching $135,000 by Q3 and $200,000 by year-end is grounded in what Geoffrey Kendrick terms a “new flow regime.” This regime is characterized by increased participation from corporate treasuries and sovereign entities, marking a departure from traditional post-halving price narratives. Institutional accumulation in Q2 totaled 245,000 BTC, highlighting a growing trend of public companies diversifying into digital assets.
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Source: https://en.coinotag.com/bitcoin-nears-110k-amid-etf-inflows-and-geopolitical-developments-suggesting-potential-july-momentum/