Bitcoin (BTC) Price Pushes Past $102,000, Showing Renewed Momentum in 2025

Bitcoin has pushed past the $102,000 mark, showing renewed momentum in 2025. This latest surge, a 3.17% rise in 24 hours, is powered by growing institutional adoption

Bitcoin price pushed past the $102,000 mark on Thursday, showing renewed momentum in 2025. The latest surge—a 3.17% increase in 24 hours—is fueled by growing institutional adoption, strong Bitcoin ETF inflows, and increasing legislative interest in a U.S. strategic Bitcoin reserve. Bitcoin’s market capitalization now stands at $2.04 trillion.

Trading volume for Bitcoin also jumped 37.53% in the same period, reaching $73.13 billion. With 19.86 million BTC circulating, nearly complete out of its 21 million cap, recent market activity highlights heightened investor engagement and better liquidity.

Coinbase CEO Brian Armstrong Foresees Multi-Million Dollar Bitcoin

Following Bitcoin’s price jump, Coinbase (NASDAQ:COIN) CEO Brian Armstrong stated Bitcoin could eventually hit a multi-million-dollar valuation per coin. He attributed this to expanding institutional demand and the success of U.S.-listed Bitcoin ETFs.

Armstrong noted that ETF inflows were a primary driver of Bitcoin’s price surge in 2024, with net inflows reaching $36.2 billion, according to Farside Investors data. The iShares Bitcoin Trust (NYSE:IBIT) leads ETF performance, attracting nearly $38 billion in 2024.

Analyst Eric Balchunas reported on December 5 that IBIT reached $50 billion in assets under management (AUM) in just 277 trading days. This milestone surpassed a previous iShares fund record of 1,323 days.

U.S. Strategic Bitcoin Reserve Gains Political Traction

Armstrong further highlighted the potential impact of a U.S. strategic Bitcoin reserve. He believes significant institutional capital would flow into the country with regulatory clarity and the establishment of such strategic holdings.

Armstrong revealed that finance ministers from Switzerland and other nations have shown interest in similar strategic cryptocurrency reserves, adding that the U.S. is discussing establishing a national Bitcoin reserve.

Senator Cynthia Lummis introduced the Bitcoin Act of 2024. This bill proposes a national Bitcoin reserve to strengthen the U.S. dollar and solidify America’s position in digital finance. It suggests annual government purchases of 200,000 BTC for five years, with a 20-year holding period. The bill remains in the Senate and requires passage in both Congressional chambers and presidential approval to become law.

Moreover, Dennis Porter, CEO of the Satoshi Action Fund, confirmed that 13 U.S. states are developing frameworks for a Bitcoin reserve. In Ohio, Representative Derek Merrin proposed a bill to add Bitcoin to the state treasury. Merrin cited diversification and hedging against dollar devaluation as core motivations for this state-level initiative.

The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind.

Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.