DeepFlowTech

The price of Bitcoin has surpassed $97,000 and is expected to reach $200,000 by the end of 2025, while Ethereum will reach $10,000. Trump's re-election and supportive regulations will continue to drive the rise of the cryptocurrency market. The price of Bitcoin will be influenced by factors such as improved liquidity, increased institutional adoption, and a regulatory environment shifting in a favorable direction. In addition, budget deficits, inflation, and changes in the international role of the US dollar will also have a positive impact on the price of Bitcoin.

The Financial Sector Conduct Authority (FSCA) of South Africa has issued a Cryptocurrency Asset Service Provider (CASP) license to Yellow Card, which plans to use its recently completed $33 million Series C funding to enhance its stablecoin channels, infrastructure, as well as B2B API and tools. Yellow Card also partners with Fireblocks to enhance cross-border transaction capabilities and provide secure and effective on-chain solutions for the African market.

Yesterday, Ethereum Spot ETF had a net outflow of 33.4749 million US dollars, Grayscale ETHE had a net outflow of 16.2852 million US dollars, Grayscale ETH had a net outflow of 3.1885 million US dollars, and BlackRock ETF ETHA had a net inflow of 16.7439 million US dollars. The total net asset value of Ethereum Spot ETF is 8.963 billion US dollars, with a cumulative net inflow of 24.6363 million US dollars.

On November 20, the total net inflow of BTC Spot ETF reached 796 million US dollars, with Grayscale GBTC net outflow of 0.00 US dollars, and the net inflow of BTC Mini Trust ETF reached 22.5885 million US dollars. The BTC Spot ETF with the most inflows is BlackRock IBIT, with a net inflow of 627 million US dollars in a single day, and Fidelity FBTC with 134 million US dollars. The net asset value of the ETF is 100.629 billion US dollars, with a total historical net inflow of 29.347 billion US dollars.

The co-founder of Orbit Markets, an encryptionDerivativesLiquidity provider, said that the bets in the BTCOptions market indicate that the psychological barrier of $100,000 is near, and the market expects the price to pump rapidly. However, people's memory of the big dump in the 2022 market has not dissipated, and this big dump has exposed fraud and other risky behaviors in the crypto world, leading to the closure of platforms. Subsequently, the United States Securities and Exchange Commission (SEC) strengthened enforcement actions, but under the Trump administration, it is expected that this suppression will gradually disappear.

BTC hits a new all-time high of $97,900, driven by increased demand from the corporate sector and influx of funds. Several corporate finance departments are considering adding BTC to their reserves. Strong demand for bullish options in March and June, BTC Spot ETF wins for three days. It is the biggest factor driving additional capital inflows into BTC this year. Global central banks have relaxed their monetary policies, and it is expected that the price will maintain a steady rise by the end of the year.