Bitcoin’s price surged to 100,000 USD in December 2024, mainly due to strong institutional demand and the successful launch of multiple exchange-traded funds (ETFs). This trend reflects Bitcoin’s growing acceptance as a mainstream financial asset.
Bitcoin-focused funds attracted over 113.5 billion USD by end-2024, bolstering market confidence. This led to a marked increase in over-the-counter (OTC) transactions, exemplified by Kraken’s 220% year-on-year rise, signaling robust institutional interest and participation in the cryptocurrency market.
MicroStrategy continues its aggressive Bitcoin acquisition plan, amassing over 444,000 Bitcoins. The company aims to gather more through a 42 billion USD equity issuance plan by 2027, demonstrating its commitment to Bitcoin investment and significant influence on the market.
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