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Bitcoin recently broke through the $93,000 mark, continuing a strong upward trend influenced by several factors. Analysts attribute this surge to growing demand for Bitcoin ETFs, particularly in the U.S., where recent ETF inflows have been significant. Institutions like BlackRock have seen major growth in assets under management for Bitcoin ETFs, adding momentum to the current rally. The prospect of the U.S. election and an optimistic outlook for 2025 are also contributing to increased investor interest.
Some experts believe Bitcoin could reach $100,000 by year’s end if these trends continue, but they also caution about potential corrections, especially if the price fails to stabilize above recent highs.