Bitcoin’s record 2024 rally ended in late December as investors sought to lock in profits.
Bitcoin surpassed $100,000 for the first time in two weeks as a stock market rally at the start of the first full trading week of 2025 boosted demand for riskier assets, Bloomberg wrote.
On Monday, the cryptocurrency’s initial price rose 4.1% to $102,504, according to Bloomberg, the cryptocurrency’s weekly gain was 5.66%, which was the highest level since November 24.
Bitcoin’s record 2024 rally ended in late December as investors sought to lock in profits. Optimism that a crypto-friendly White House under Donald Trump will create a favorable crypto climate in the US previously helped push the token to an all-time high of $108,315.
In another boost, investors poured $908 million into US exchange-traded funds that traded in Bitcoin on Friday, the fifth-largest outflow for the group since it launched in January 2024, according to Bloomberg data. These funds recorded net outflows of $680 million as of December 19.
Recall that the price of Bitcoin fell by 3.4%, to $95,110, on December 17, reaching a record high of more than $108,000.
Source: korrespondent
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