Bitcoin price rallied to a record high of $108,000 on Dec. 17, continuing a bull run that began in 2023.
Bitcoin btc0.09%Bitcoin has surged by nearly 150% this year, driven by rising demand and decreasing supply growth. The unwinding of high interest rates by the Federal Reserve and other central banks has also contributed to this upward momentum.
Data from SoSoValue shows that spot Bitcoin ETFs have accumulated over $36 billion in assets, bringing their combined total to more than $120 billion. This growth indicates that Bitcoin is increasingly competing with gold for investor attention.