Bitcoin surges to a record $108,100

On December 16, Bitcoin reached $107,700, and as of this publication, its price stands at a record $108,003. The growth was supported by a significant increase in spot trading volumes, indicating high market activity. The Coinbase Premium index — which tracks price differences between Coinbase and other exchanges — also shows a positive trend, reflecting heightened interest in BTC among U.S. traders.

Large purchases fuel the rally

One of the key drivers of this growth has been substantial institutional investments. For instance, Semler Scientific reported purchasing 211 BTC worth $21.5 million, paying an average of $101,890 per coin. Meanwhile, MicroStrategy invested $1.5 billion to acquire 15,350 BTC at an average price of $100,386 per coin. These transactions highlight the strong confidence of major players in the long-term potential of cryptocurrency as an investment asset.

ETFs: A capital influx engine

According to data from analytics firm SoSoValue, investments in Bitcoin ETFs remain a crucial growth catalyst. For the week ending December 12, inflows into these funds totaled $2.17 billion, raising total assets to $114.97 billion. ETFs attract both institutional and retail investors, sustaining high demand for BTC.

Analysts on BTC's future

Independent researcher Timothy Peterson believes that the further rise in the crypto asset’s price is driven by capital flows into Bitcoin ETFs. He predicts that the next key level of $115,000 could be reached thanks to continued investor interest and high daily transaction volumes.

Analyst Willy Woo adds that over the past 30 days, the Bitcoin network has processed more than $3 billion daily, underscoring the intensity of market activity.