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BTC
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+2.5%
ETH
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+1.8%
BNB
$672
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ADA
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LINK
$28.50
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BTC
$97,245
+2.5%
ETH
$3,642
+1.8%
BNB
$672
+3.2%
SOL
$248
+4.1%
XRP
$2.85
+5.3%
ADA
$1.24
+2.9%
DOGE
$0.42
+6.2%
LINK
$28.50
+1.5%
Short News

Bitcoin Hits $102K as Institutional Inflows and Corporate Purchases Drive Gains

Nidhi Kolhapur7 Jan 20251 min read

Bitcoin surged to nearly $102,000 on Monday, reaching its six-digit price for the first time since December 19 and starting 2025 on a strong note after the holiday slowdown. Two key market movers driving the recent Bitcoin gains are the return of institutional capital inflow and a dwindling exchange supply of BTC. On Friday, Bitcoin recorded $908.1 million in net inflows across its US-based Spot ETFs, the largest inflow volume recorded since mid-December 2024, as a sign of demand returning. Also, Corporate Bitcoin purchases made headlines as MicroStrategy bought another 1,020 BTC, while Texas-based KULR Technology Group added $21 million worth of BTC to its treasury, doubling its holdings.

#Bitcoin
Nidhi Kolhapur
Nidhi Kolhapur

Author

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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