Key dealers
- Bitcoin reached a new highest time of $ 113,855, which is driven by strong US demand, maintained ETF inflows and companies’ adoption.
- At least 21 companies have collectively announced plans to invest an estimated $ 3.5 billion in Bitcoin Treasuries recently.
Bitcoin expanded his rally on Friday and reached a new height of $ 113,855 after cleaning $ 112,000 milestone on Thursday. The surge is driven by several important factors, including growing demand from American investors, robust ETF inflows and a long -term company collection.
“Since May 8, Bitcoin has closed every day north of $ 100,000. It is 62 days price stability in six -digit territory. For an asset that was once defined by volatility, this price consolidation shows for a significant period of time that Bitcoin matures,” said Gadi Chait, head of Xapo, in a Xapo Bank.
Increasing demand from US investors
According to Cryptoquant -Analyst Burak Kesmeci, Bitcoin’s Move over $ 112,000 Came when the Coinbase-Binance Premium Index hit 42 points, which means that Bitcoin traded $ 42 higher on Coinbase than on Binance, a sign of increasing demand from American buyers.
That spread was not even at the top of the week. Just a few days earlier, the premium reached over 87 points, which indicates even stronger buyers from American investors.
The Coinbase Premium Index is considered an important indicator of institutional and US retail interest. A consistently positive reading often reflects sustained demand.
Steady Bitcoin ETF inflows and growing company adoption
On the ETF front, USA-listed Spot Bitcoin ETFs have attracted over $ 510 million in net inflows so far this week, which expanded their winning line to five days in a row, according to Father side Investors.
At the same time, companies’ adoption shows no signs of being cooled. Several companies announced large Bitcoin purchases or accumulation plans today.
Sequans Communications Acquired 370 BTC and plans to collect over 3,000 BTC in the coming weeks. Kulr Technology added 101 BTC to its holdings, giving its total to 1,021 BTC.
DDC Enterprise formed a strategic partnership with Animoca Brands to manage a Bitcoin portfolio worth up to $ 100 million.
South Korea’s K Wave Media made a first purchase of 88 BTC, with access to $ 1 billion in financing.
Analysts see signs of Bitcoin’s institutional maturity
Chait noted that Bitcoin’s stability and institutional demand have remained strong despite increased macroeconomic uncertainty and geopolitical tensions, conditions under which most volatile assets would falter.
According to Mauricio di Bartolomeo, co-founder of Ledn, the rally can only get started because most of the money planned for bitcoin purchases have not met the market yet.
If companies and investors maintain the allocation of capital to Bitcoin, and if more of the side money comes in, it can push the price even higher.
“Bitcoin shows why it is in its own class,” commented OKX’s CEO and noted that the institutions increasingly see Bitcoin as a tool to protect against inflation and geopolitical instability.
“July will test the market, but Bitcoin looks expanded for it,” he added.
Bitcoin acted at $ 113,553 at the time of reporting, an increase of 2% over the past 24 hours, per tradingview data.