Bitcoin (BTC) is getting closer to reaching $100,000, with its market cap nearing $2 trillion and record institutional inflows. As BTC prices hover around $97,600, experts predict it could hit $100,000 within the next 24 hours. Bitcoin’s meteoric rise is fueled by strong institutional support and stablecoin inflows, and experts attribute its dominance to being a store of value and a smart contract platform.
Key metrics show that Bitcoin’s Market Value to Realized Value (MVRV) ratio is below 3.7, indicating further growth potential. The psychological significance of $100,000 has created a focal point for traders and investors. The achievement of this price level could mark a new era for Bitcoin, triggering increased media attention, institutional adoption, and retail participation.
Bitcoin’s $100,000 milestone could also create opportunities for altcoins to rebound and set the tone for the broader crypto market heading into 2025.