Bitcoin price prediction: Skyrockets past 107,000 USD as SoFi energizes crypto market and NYSE unveils Trump ETF

Bitcoin’s price reached about 107,411 USD, reflecting a gain of 1.5% over the last day, following SoFi’s announcement to re-enter the crypto trading market.

The NYSE is moving to list a new ETF focused on Bitcoin and Ethereum, highlighting a significant push for crypto products, which may enhance the asset’s appeal as ‘digital gold’.

Bitcoin is consolidating just below key resistance at 108,740 USD, with expectations of a breakout driving positive sentiment. Analysts correlate ETF inflows strongly with Bitcoin price increases.

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